Pound Traders Give Thumbs Down to Johnson’s New Brexit Strategy

  • Planned bill could set up new no-deal split at end of 2020
  • Markets ‘caught by surprise’ on PM’s approach: SocGen
Ark Capital’s Saed Abukarsh discusses the impact of a hard Brexit on the pound.(Source: Bloomberg)
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The mandate for Boris Johnson’s Brexit strategy came from the ballot box. It is not winning a vote of approval in the global currencies market.