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Societe Generale sees signs of sterling selling ahead of UK elections

Quotes from Societe Generale Hedge funds are weary of the pound ahead of the general elections in the UK (read our Get set for UK elections) on 7 May. The net short GBP positions were only slightly reduced in view of the…

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Quotes from Societe Generale

  • Hedge funds are weary of the pound ahead of the general elections in the UK (read our Get set for UK elections) on 7 May.
  • The net short GBP positions were only slightly reduced in view of the recent strengthening of the sterling but dangers lurk.
  • Meanwhile, long dollar positions versus the euro remain stuck at very high levels, inanticipation of the Fed exiting the zero rate policy.

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