Forex Trading

Data from the Chicago Mercantile Exchange show net short positions against the single currency rising from 39,500 contracts to 43,700 contracts, equivalent to $7.6bn

The pound suffered after weekend polls suggested that the next UK general election would result in a hung parliament, boding ill for the widening budget deficit

The pound is caught in global cross-currents. This has brought it down against the dollar and up against the euro. But its future direction may be in the hands of its own central bank and of the UK’s voters, writes John Authers