GBP News 

Sterling crumbles after Cox says legal risk of Brexit deal remains unchanged

“May’s Brexit deal appears to be shot dead on arrival by Cox’s legal advice and there isn’t much for the pound to work with ahead of the vote later” reports With overnight sterling implied volatility at its highest levels in 2.5 years, I reckon we could see a further drop in the pound later as May loses the vote.The only possible saving grace for the pound now is that lawmakers start touting up chances of a second referendum.This is where things start to get interesting because markets will have to consider the risks of a potential no-deal outcome once again.

Related posts