NEW YORK: When it comes to Brexit, Columbia Threadneedle’s Ed Al-Hussainy sees no way to trade Theresa May’s quandary. So he’s focusing on Mark Carney’s.
The Bank of England (BoE) governor may not, like the British prime minister, face a mutiny among his colleagues, but he could be in for a messy confrontation with rate markets. As May struggled to hold her Cabinet together last week, fixed-income traders looked past Carney’s rate-hike signals and scaled back positioning for a move next year.
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