Equity investors despair at no-deal Brexit talk and plummeting pound

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By Sam Kerr
30 Jul 2019

A dire two days for sterling served as a sharp rebuke to the UK government about its Brexit strategy and equity bankers and investors hold little hope for an imminent recovery in the country’s fortunes.

The latest sign of investor unhappiness with the UK has been the collapse in sterling on Monday and Tuesday. At the time of writing it had fallen by 2% against the euro and 1.7% against the dollar from Monday’s open.

Investors speaking to GlobalCapital said it was an ...

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