Big EU fund managers on collision course over the pound
Some are betting that BOE won't hike the rate after Thursday's increase, while others going the other way
London
SOME of Europe's biggest fund managers are set for a face-off on how best to trade the UK's first potential interest-rate increase in a decade.
Allianz Global Investors GmBH is looking to fade any rally in the pound or a slump in gilts, betting that the Bank of England won't signal further policy tightening given lingering economic and political risks. Fidelity International has a similar view.
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