Home Brexit Sterling and FTSE fall as no-deal Brexit ‘strong possibility’

Sterling and FTSE fall as no-deal Brexit ‘strong possibility’

by LLB Editor
11th Dec 20 10:43 am

A no-deal Brexit is starting to be factored in by the markets after Boris Johnson warned the country to prepare for such an outcome with sterling coming under renewed pressure,” says AJ Bell investment director Russ Mould.

“It remains hard to determine how much of this is the usual brinkmanship around negotiations – EU agreements often go right to the wire after all.

“Ultimately we’ll only really know for sure when both sides stop negotiating – with some apparent wiggle room over the latest ‘deadline’ set for Sunday.

“The fall in the pound isn’t lifting the FTSE 100 for once. That decline in index is down to mixed trading in Asia and weakness across Europe. For all the focus on Brexit, Covid hasn’t gone anywhere either and there has been some slightly less positive news on vaccines of late.”

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