Saturday, 23 August 2014
Last updated 12 hours ago
Mar 29 2010 | 12:55pm ET
Three of the U.K.’s biggest hedge funds have posted huge profits on the British currency’s pain.
BlueCrest Capital Management, the Man Group and Winton Capital have earned “hundreds of millions of pounds” on the downturn of said pound Sterling, the Daily Mail reports. The pound is down to less than US$1.50, US$0.20 lower than it was over the summer.
According to Harry Adams of foreign exchange broker Schneider, currency investors are betting on further falls for the pound. He said that were Britain to lose its triple-A credit rating, the currency could fall to just US$1.20 in a “disaster for sterling,” Adams told the Mail.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note