Johnson's crowd 'shorting' on a No DealArchived Message
Posted by Mary on September 14, 2019, 5:40 am
BoJo’s bankrollers bet £4.6 billion on ‘no-deal’ as Brexit report prompts anger online 12 Sept 2019
Donors to PM Boris Johnson’s Tory leadership campaign are allegedly poised to make a killing from the UK’s potential no-deal exit from the EU, according to a new report.
The investigation, conducted by independent news outlet Byline Times, claims £4.6 billion of “aggregate short positions” on a no-deal Brexit crash-out have been taken out by hedge funds that directly or indirectly funded Johnson’s recent campaign.
A short position is a technique used when an investor predicts that the value of a stock will decrease in the short term; hedge funds appear to be predicting a crash in a no-deal Brexit scenario.