Currency markets are underestimating the chance of big Brexit-related swings in ...
British Pound Sterling banknotes are seen in a box at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017.REUTERS/Leonhard Foeger
Risks had risen in recent months of an “extreme” Brexit outcome - either Britain leaving the European Union without a deal, or deciding to stay in the bloc, BlackRock portfolio manager Rupert Harrison said at a mid-year investment update. Britain is due to leave the EU on Oct. 31, but parliament has repeatedly rejected the transition arrangements negotiated by outgoing Prime Minister Theresa May, and the two contenders to succeed her have both said they could leave without a deal.on Tuesday below $1.2440, but a measure of market volatility of sterling over the next 12 months GBP1YO=remains well below the post-2016 peak it reached in December 2018.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK firms cut investment plans as Brexit alarm hits new high: surveyBritish companies are more worried about Brexit than at any time since the 2016 ...
Read more »
Ireland's finance minister sees significant risk of disorderly BrexitIreland thinks there is now a significant risk of a disorderly Brexit and is tak...
Read more »
Jeremy Corbyn says Labour will campaign to remain in the EU in a second referendum to prevent a no-deal BrexitThe Labour leader says his party now backs a second referendum to prevent a no-deal Brexit or Brexit under a Conservative negotiated deal.
Read more »
UK Labour's trade union backers support second referendum on Brexit dealBritish trade union leaders linked to the opposition Labour Party have agreed to...
Read more »
Trump takes parting Brexit shot at Theresa May, says he won't 'deal' with U.K. ambassadorThe president also sharply criticized the U.K.&39;s ambassador, who described him as "inept."
Read more »
UK car industry warns next PM against 'seismic' no-deal BrexitBritain’s car industry warned the next prime minister on Tuesday against a “seis...
Read more »