2 ms·
I see the headlines are trumpeting how sterling rose (0.05% !!) after the results (hinting that the result is good news), but this looks like a clear case of sh
by jacknews 8y ago
I see the headlines are trumpeting how sterling rose (0.05% !!) after the results (hinting that the result is good news), but this looks like a clear case of short-covering to me - short speculation earlier in the day (possibly anticipating a decline if the vote passed), covered when the actual results came out.