The Real Bet is on the Pound's Decline

By Stephen L. Bernard and Vincent Cignarella: Feijoada, the traditional black bean stew and national dish of Brazil, will soon replace fish and chips as the cuisine of choice among currency traders.
For these investors, a surging pound--up 20% against the real in six months--has simply gone too far, too fast given the economic comparisons between the countries.
The U.K. is in recession and just recently posted its largest trade deficit on record in June. But Brazil's growth forecast remains strong and the country posted a trade surplus in July equivalent to $2.9 billion, more than double the 20-year average. Source