The recent strengthening of the pound toward $1.30 reflects rising market expectations of a post-Brexit trade deal between the U.K. and the European Union. Analysts from Citigroup Inc. were brave enough to say the chances are as high as 80%. But even if you’re confident that Boris Johnson and Brussels will put aside their considerable differences and reach agreement over the next few weeks, would this really be such a golden moment for sterling assets? A pandemic-riddled British economy that’s staring at a second wave of lockdowns suggests otherwise. U.K gross domestic product fell by a record 20% in the second ... (full story)