Financial Times FT.com

Sterling: Hard pounding is the order of the day

By Lucy Warwick-Ching

Published: June 11 2010 00:36 | Last updated: June 11 2010 00:36

Recent swings in exchange rates mean taking a punt on a currency movement has become one of the most popular types of financial betting.

Traders have been busy placing bets on the euro to continue to fall against sterling and the US dollar – and on the yen and the Canadian dollar to rise.

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