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BOE Warns U.K. May Face Economic Turmoil in No-Deal Brexit

  • FPC says Libra could become systemic and must be regulated
  • U.K. banks are as prepared as they can be for Brexit
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We Maintain Our Underweight on U.K. Assets, Says Brooks MacDonald’s Deputy CIO

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The Bank of England warned of significant market volatility and “material risks” of economic disruption in the event of a no-deal Brexit at the end of this month.