The British Pound was by a country mile the worst performing currency on Friday, as the prospects of a hard Brexit just went up a few notches if one considers the latest events. Not only we have the realization of the EU vs UK Brexit talks in Salzburg being portrayed as a disastrous outcome by the UK media, but UK PM Theresa May appears stubbornly opposed to any concessions on the Irish border. This scenario implies that any disentangling of the current impasse looks far ahead. Friday’s speech by the UK leader was a vivid reminder that the UK really stands by its hard-line position to stay away from any deal that ... (full story)