(Reuters) Whatever the outcome of Britain’s election on Thursday, some hedge funds are still betting sterling will fall anew — anticipating Britain’s exit from the European Union will lead to an economic slowdown whichever way the vote goes.
The pound has fallen 2.5 percent in trade-weighted terms in less than four weeks =GBP as opinion polls showed the opposition Labour party gaining ground on the ruling Conservatives before polling day, raising the prospect of no party winning an overall parliamentary majority and some form of coalition government emerging.