Brexit ‘catastrophic’ for euro MTN houses

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Brexit ‘catastrophic’ for euro MTN houses

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A cargo ship sails across the North Sea off the coast of Whitley Bay, Tyne and Wear, as storm clouds sweep down the coast with snow forecast. | Owen Humphreys/PA Wire/Press Association Images

The UK’s decision to leave the European Union will have a “catastrophic” effect on MTN dealers specialising in the euro, according to bankers, but flows in dollars and Asian currencies should go some way to compensating.

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