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Sterling rises above $1.24; short positions up for 12th week running

Jun 01, 2020 - Nasdaq

G raphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv LONDON, June 1 (Reuters) - The pound rose to three-week highs against a broadly weaker dollar in early London trading on Monday as Britain eased some lockdown restrictions, but the market's net short position on sterling is the largest in more than five months. New rules designed to ease the lockdown in England came into force on Monday, even though scientists ...