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Will hedge funds short U.K. pound as Mark Carney prepares for Bank of England post?

The Globe & Mail – Fresh off having made a killing on the yen, major hedge funds believe the British pound will be the next currency to weaken substantially when Mark Carney takes over as governor of the Bank of England, The Financial Times reports.

It’s not that Mr. Carney would target the pound, but his policies are seen as ones that could weaken the currency as a by-product of moves to bolster the U.K. economy.

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