With the future of British Prime Minister Keir Starmer uncertain, hedge funds are betting on further weakness in the pound. On Monday, the pound fell 0.5% against the euro to 0.8725, a new low since January 22. This followed the resignation of Starmer's chief of staff on Sunday, who was unhappy with Peter Mandelson's appointment as ambassador to the United States, further escalating the political crisis in the UK. Last week, the pound was already...

READ MORE >