Pound Strategists Focused on Brexit Shrug Off Economic Optimism

  • Risk reversals show traders are the most bearish ever on pound
  • Sterling climbs in week; is still 2016's worst performer

There’s a slew of data out of the U.K. next week, some of it likely to show the economy is in good shape. Yet still currency strategists remain preoccupied with the European Union referendum in June and the potential for further losses in the pound.

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