Hedge fund managers see Brexit chaos as a ‘free lunch’ for traders

The Pound plummets

The pound continues to collapse after Boris Johnson’s government signals that Britain is heading for a no-deal Brexit. Sterling fell to a two-and-a-half year low on Tuesday, after senior members of Johnson’s government insisted a no-deal exit was the most likely outcome in October.

A former Goldman Sachs economist and currency guru says comments had created a “free lunch” for traders hoping to make money on the pound. “A lot of them are saying thank goodness for Boris, he’s giving us a chance to make some money.”

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