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Here’s what Goldman Sachs says a Brexit deal would do to British pound, U.K. stocks
Markets are pricing in an increased chance of Britain reaching a deal with the European Union to exit the region in an agreed manner by the end of the month, even if it’s not immediately obvious how such a deal could come off. Economists at Goldman Sachs say there’s a 60% chance of a Brexit deal, so the bank’s strategists examined what would happen to U.K. financial assets in such a scenario. The pound GBPUSD, +0.0976% , they say, would push the pound to $1.30, versus $1.2319 on Monday. It would also be a boost for U.K.-listed companies exposed to the domestic market vs. the broader internationally-oriented ... (full story)
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