4 ms·
I would like to know how much Deutsche Bank had bet on the referendum, or rather on Sterling. They released a research report saying the case for No was overwhe
by Tycho 12y ago
I would like to know how much Deutsche Bank had bet on the referendum, or rather on Sterling. They released a research report saying the case for No was overwhelming, a week before the vote. Sterling had just been rocked by the one poll that put Yes ahead (after a series of tightening polls). Implied volatility jumped up. Had they neglected to hedge their currency exposure?
- atmosx 12y agoNOTE: the difference was ~5% which means that once again financial crooks don't know nothing about the subject at hand. Why should they? In case they lose the bet, German taxpayer will pay. Business as usual.
- icebraining 12y agoUh, no, the difference was actually higher than 10%. http://en.wikipedia.org/wiki/Scottish_independence_referendum,_2014#Totals http://en.wikipedia.org/wiki/Scottish_independence_referendu...