Don’t Blame Brexit for Sterling’s Plunge, ex-HSBC Chief Says

  • Sterling decline linked to competitiveness, Geoghegan says
  • Brexit supporter sees London staying as financial center

The Long and Short of a Falling Brexit-Bruised Pound

Former HSBC Holdings Plc chief and Brexit supporter Michael Geoghegan said sterling is being driven down by U.K.’s lack of competitiveness, rather than the nation’s decision to exit the EU.

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