QE finish and Brexit woes spell trouble for sterling
UK-based sterling issuers should get into the market soon, said investors this week, as the double threat of tricky Brexit negotiations and the Bank of England wrapping up its corporate purchase programme threatens to hit the market hard in the coming months.
A stark reminder of the impact Brexit can have on companies’ finances came on Tuesday, when Rolls-Royce posted a record headline loss of £4.6bn, with the collapse of sterling since the June 2016 referendum partly blamed.The Bank of England has bought £6.6bn of bonds ...
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