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If the one factor you already know about sports activities is who wins and who loses, you might be lacking the best stakes motion of all. The enterprise homeowners that energy this multibillion greenback trade are altering, and a brand new period of the enterprise of sports activities is underway.
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No matter who wins the race to succeed Liz Truss as UK Prime Minister, one factor is obvious: the pound is about to maintain falling.
That’s the prognosis of market gamers who see sterling persevering with its descent as financial headwinds and the Financial institution of England’s coverage stance act as a drag. Three-month risk-reversals for the pound — a gauge of its anticipated route over that time-frame — remained deeply in detrimental territory.