Positions of Pound and Gilt Plunges
27 Sep, 2022
Category: Currency
Tags: GBP
Updates on Pound 19 days after the new cabinet was formed.
The pound plunged to a record low after the government proposed more tax cuts.
UK 10 years bond, the Gilt, had seen its price plunge to unchartered territory.
Institutional investors had been shorting the Pound for a prolonged period while hedge funds traders had changed their sentiment on the Pound since 30 Aug.
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