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Does Sterling Back Brexit?
01-30-2019, 11:28 PM,
Does Sterling Back Brexit?
Does Sterling Back Brexit?

What is the market telling us about the prospects of a "no-deal" Brexit? On Tuesday, a parliamentary proposal to "delay Brexit rather than leave without a deal" was, as the Bloomberg wire put it, "comfortably beaten." That and other actions in Parliament, Bloomberg reckons, mean that the "chances of a 'no-deal' exit have increased." Yet, lo and behold, sterling has "held onto most of its gains." Bloomberg attributes this in part to "the restored unity" of Prime Minist...

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