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Pound's Fate Could Worsen as Investors See Multitude of Risks

From bloombergquint.com

With this week’s events suggesting May’s Brexit plan doesn’t have strong support, investors now wonder what the premier’s next move will be if her deal is rejected in Parliament. May’s options include negotiating another deal with the European Union, holding a second Brexit referendum or even a general election, all as she faces the possibility of a no-confidence vote in her leadership. Any of these events would make reaching a divorce agreement between Britain and the EU by year-end extremely difficult and the pound could plunge to $1.20, according to Credit Agricole SA. BlueBay Asset Management and Aberdeen ... (full story)

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  • Category: Fundamental Analysis