Sterling Bears Prowl Before Scottish Vote

September 10, 2014 2:34 PM

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Frankfurt Trust joined GAM Holding AG (GAM) among companies selling U.K. assets as polls signal growing support for Scottish independence that may undermine the British economy.

After two polls showed the referendum on splintering the three centuries-old union would be too close to call, Frankfurt Trust recommended selling the “overvalued” pound and GAM is betting against sterling and U.K. bonds on speculation the central bank will delay increasing interest rates. Credit Su...

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