Short selling: can hedge funds make a fortune from no-deal Brexit?

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Philip Hammond says Boris Johnson’s rich backers are line to make a killing

Hedge fund millionaires backing Boris Johnson will make a killing from a no-deal Brexit, according to the former chancellor Philip Hammond. The claim is these “short sellers” are betting on big falls in share prices and the value of sterling in what critics say is a classic example of “disaster capitalism”. But how do they do it, who are they and are they all merchants of doom?

 

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Well it's not as though Conservatives are world famous for constantly lying or anything is it? 🙄

Somebody must be going to make money out of it, and it won't be the ones who were persuaded to vote for it. Why else would the Tories keep pushing for Brexit despite all the evidence showing it will be a complete disaster for most folk in the country?

the guardian is promoting short selling as revenge for brexit .........oh my!

Is the Eu looking to regulate hedge funds? Is that the main reason they want out out? I read an article that said Eu looking to regulate tax havens in 2020

When I read an article like this I feel it should have the instruction at the end: 'Now wash your hands.' Shorting is a grubby business.

Seems there wouldn’t be short selling if the language was long balling

Maybe this needs to happen to the great British public--that is, those who agonized over her steady fall from global gadabout, U.N. gadfly, and colonialist nincompoop. Nationalism equals penury. The June 2016 referendum was a Jim Jones Kool-Aid. Enjoy.

They could by shorting the Euro. I believe it is more likely the Euro will drop to its 1999 level considering the black hole in the EU budget left by Brexit and Germany heading into recession, along with other EU countries.

yes but they can also cover that by going long on a remain option...

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