Bullish bets for Pound Sterling get cut

Source: Bloomberg
© Scanpix/Reuters
With the Pound losing its spot as the most bullish bet among the top ten currencies it has declined to 1.6944 against the Dollar from a six-year high of 1.7192. With the positive news from the UK economy already included in the price it seems that the top may have already been reached. In the past year the Sterling has gained 10.5% against the Dollar – the most among majors.
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