Advice From Fund Managers? Sell the Pound

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Advice From Fund Managers? Sell the PoundThe pound slid to a three-month low Wednesday as fund managers lack confidence in Brexit getting resolved. Sterling is the worst performer among peers this week as the market is unconvinced the U.K. Prime Minister can get her Brexit deal through Parliament on a fourth try next month. BlueBay Asset Management LLP is shorting the pound and gilts, while UBS Wealth Management is avoiding U.K. government debt and long-term pound bull Nomura International Plc has ended its buy recommendation on sterling.


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