BoFA: Shorten the pound

The pound enjoys a serious lack of popularity among all investor groups. But sales of pounds can only begin, according to experts from the financial institution Bank of America Corp.
All types of clients - corporate, hedge funds, mutual funds, and others - have sold pounds over the past two weeks, according to a data from the financial institution.
According to Bank of America analyzes, pension and insurance funds will reduce their positions in GBP-denominated assets. They are likely to re-orient to the euro over the next few months. So, according to the US bank, there are good times for the euro and not so good for the pound.