-
Investors Get Blindsided by Vanishing Odds of Brexit Deal
Just a week ago, U.K. markets were telegraphing that a Brexit deal was in the cards after months of torturous negotiations. The pound had hit a two-year high and the FTSE 250 Index of mid-cap stocks was coming off its best month in a decade. In one of the bolder sell-side calls of late, Goldman Sachs Group Inc. declared British assets a buy, projecting sharp gains in the pound and stocks. Now, prospects of a trade deal with the European Union are seemingly vanishing. On Monday, a British official warned talks could collapse unless negotiators make progress in the next few hours, and a spokesman for Prime Minister ... (full story)