Hedge Funds Cut Bearish Pound Positions Before BOE Rate Decision

  • Pound advances before U.K. inflation data due Tuesday
  • Back-to-back short position reduction is first since Brexit

Carney: 'Absolutely Serene' on BOE Brexit Grilling

The pound rose for the first time in four days as hedge funds and other large speculators cut their bets that the currency will fall for a second week before the Bank of England’s latest policy decision.

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