The collapse of the pound was the main story of the past week. Finally, the market seems to have twigged that Britain is likely to crash out of the EU without an agreement and that this would be a disaster economically. The trigger was an article by Michael Gove, who is charge of planning for a no-deal Brexit, in the Sunday Times. “We still hope they (the EU) will change their minds, but must operate on the assumption that they will not,” Gove wrote “No deal is now a very real prospect, and we must make sure we are ready.”
Of course,…
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