Pound Left Cornered as Brexit Bugbears Multiply Beyond No-Deal


(Bloomberg) — Suddenly, a no-deal Brexit is just one of the many unknowns pound traders need to contend with.

Now the risk of a second referendum or even that of another U.K. election no longer looks as far-fetched as they did only recently, and need to be taken on board by investors. The biggest worry for investors is still that Britain will crash out of the European Union without an economic agreement, with talks deadlocked and time running out. Analysts surveyed by Bloomberg see sterling sliding almost 8 percent to $1.20 on such an outcome.

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