Rolling coverage of the latest economic and financial news
- Latest: UK manufacturing suffers worst quarter since 2009
- Introduction: markets fear cliff-edge Brexit
- Pound has fallen back to $1.325
- Full story: Brexit: Boris Johnson will amend bill to outlaw extension
Today’s dire UK factory data haven’t helped the pound – it’s still wallowing around $1.32, down a cent this morning.
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