Currency investors bet against the UK

Struggling economy: Money changing hands at a market in east London. The prospect of higher taxes is weighing on consumers and the pound’s current strength is unlikely to last much longer. — AFP

LONDON: The pound’s best start to a year since 2018 is enticing the world’s biggest investors to bet against the UK.

They see an economy hobbled by Brexit and inflation at the highest level in more than a decade as good reasons to be bleak.