Malaysia's Bank Negara Makes Play In Oversold British Pound, Say Traders
BANKS
The British pound is attracting the attention of Malaysia's Bank Negara, because the secretive central bank regards the currency as being oversold, according to sources in Kuala Lumpur. "In recent weeks the bank has been coming into the market with £50 million to £200 million at a time," a Singapore dealer confirms.
Bank Negara, widely regarded as a maverick in the global foreign exchange market, has a separate foreign currency unit manned by its best brains, many of them trained in the U.K., say
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