Pound Declines as Trader Concern Shifts to Potential Bank Exodus
- Banks are studying which units to relocate: Bankers’ Assn.
- ‘Lot of negatives already in price’ of pound: CA’s Marinov
British Banks Edge Closer to Post-Brexit Exit
Photographer: Miles Willis/BloombergThis article is for subscribers only.
The pound dropped as concern escalated that banks may leave Britain should it opt for a “hard” Brexit that restricts their access to the single market.
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