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Traders See Little Solace for Pound in Orderly No-Deal Brexit

Bloomberg business news
'Sterling Is Extraordinarily Cheap,' Says Sarasin's Monson

For foreign-exchange traders, a no-deal Brexit is bound to sink the pound no matter what protections are put in place to mitigate immediate financial risks.

As lawmakers hit gridlock over Prime Minister Theresa May’s proposed withdrawal accord, some have suggested Britain could leave the European Union without a divorce deal in hand and take steps to control and contain the fallout.