Capital Allocators – Inside the Institutional Investment Industry cover image

Scott Bessent - Macro Maven (EP.415)

Capital Allocators – Inside the Institutional Investment Industry

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The Pivotal Trade Against the British Pound

This chapter explores a crucial event in macro trading where traders capitalized on vulnerabilities in the British economy following John Major's election. It analyzes the exchange rate mechanism and the interest rate dynamics that set the stage for a significant trade against the pound.

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