Investors say the pessimism looming over U.K. Finance Minister Rachel Reeves' crucial Autumn Budget this week masks a range of contrarian opportunities across different sectors and asset classes. Ahead of the chancellor's critical statement this week — which could herald tax rises, spending cuts, or a combination of the two — fund managers are lining up high-conviction trades on U.K. housing, the British currency and beaten-down cyclical equities. A single stock bet on the U.K. housing market John White, founder and chief investment officer of Calibrate Partners, said the U.K.'s macroeconomic and policymaking backdrop is "about as bad as it could be." He suggested that Reeves has "one lever to pull" to stimulate growth: dramatically cutting the stamp tax paid on U.K. residential property t

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