Fri. Nov 27th, 2020

Pound tumbles amid Brexit cliff-edge fears; factory output slumps – business live

Rolling coverage of the latest economic and financial news

11.51am GMT

Today’s dire UK factory data haven’t helped the pound – it’s still wallowing around $1.32, down a cent this morning.

11.46am GMT

Deutsche Bank has warned its clients that the pound is likely to weaken in 2020, as renewed Brexit uncertainty threaten to drag the economy into a recession.

Deutsche turning bearish on sterling. Tbf it (and others) did warn last week that all this could happen.
The fun is just endless….. pic.twitter.com/4UpGppaxrL

Continue reading…Rolling coverage of the latest economic and financial newsLatest: UK manufacturing suffers worst quarter since 2009Introduction: markets fear cliff-edge BrexitPound has fallen back to $1.325Full story: Brexit: Boris Johnson will amend bill to outlaw extension 11.51am GMTToday’s dire UK factory data haven’t helped the pound – it’s still wallowing around $1.32, down a cent this morning. 11.46am GMTDeutsche Bank has warned its clients that the pound is likely to weaken in 2020, as renewed Brexit uncertainty threaten to drag the economy into a recession.Deutsche turning bearish on sterling. Tbf it (and others) did warn last week that all this could happen.The fun is just endless….. pic.twitter.com/4UpGppaxrL Continue reading…

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