Sterling edged past 91 pence per euro on Thursday after a mixed batch of UK retail sales figures helped investors put aside nerves over the economy and Brexit talks that have driven the currency to its weakest since October. The pound gained 0.2 percent on the day to 91.10 pence per euro, but was flat against the dollar at $1.2883. Sterling on Wednesday fell to its weakest against the euro since last October's short-lived "flash crash". For now positioning data and options market pricing suggests hedge funds have backed away from plays on more sterling weakness. "Positioning is remarkably light," said the head of hedge fund sales with one large international bank in London.

Source: dna August 17, 2017 15:56 UTC