Down on the pound

Selling the pound has become one of the most popular trades in the global foreign exchange market as sentiment on the UK has worsened this year. The Bank of England has signalled it would like a weaker pound to boost UK exports. David Bloom, global head of foreign exchange strategy at HSBC, tells FT's currencies correspondent Alice Ross that the pound may yet fall, and considers how Sir Mervyn King is shaping up in the global currency wars.