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
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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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