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Most of the big money (at the bookmakers at least) was being staked on Remain and the currency sell offs are largely down to traders being stuck in the wrong po
by kristianc 10y ago
Most of the big money (at the bookmakers at least) was being staked on Remain and the currency sell offs are largely down to traders being stuck in the wrong positions.
- jessriedel 10y agoThings like the currency markets had way more money implicitly bet on the results than the pittance with bookmakers / prediction markets.
- Mikeb85 10y agoMost of the big money isn't traders, but banks, oil corps, they take currency positions to expedite business dealings. 'Traders' are in it just for profit. The 'big money' did wake up late, but they also don't generally speculate.