Pound Shaken Up by Positioning in Fear of Swift and Brutal Move [Yahoo! Finance News]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: Yahoo! Finance News
Pound Shaken Up by Positioning in Fear of Swift and Brutal Move ) -- The pound swung as traders attempted to read the tea leaves on the likelihood of the U.K. securing a Brexit deal as soon as this week. Sterling pared declines after falling 1.2%, as U.K. Prime Minister Boris Johnson pledged to “get Brexit done” despite skepticism from the European Union. Hedge funds and asset managers have been paring their bets on a weaker pound, according to the Commodity Futures Trading Commission. Traders are repositioning for what could be a swift and brutal move in the currency when the outcome of this week’s negotiations becomes clearer. The clock is ticking down to Thursday’s crunch summit of EU leaders, where Johnson could secure a deal before presenting it to the U.K. Parliament on Saturday, or hurtle faster toward a chaotic exit on Oct. 31. “What’s really important here is that you have engagement,” said Deutsche Bank AG’s global head of currency research George Saravelos, who sees the Bre
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MFG
Sec Filings
- 12/2/24 - Form 6-K
- 11/29/24 - Form 6-K
- 11/14/24 - Form 6-K
- MFG's page on the SEC website