Cable may be establishing new range – IGM

A failure to agree on Brexit terms could broadly weaken the pound, strategist says

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The odds of the UK leaving the European Union without a deal are shortening, despite both sides acknowledging such an outcome would be damaging for both economies, says Tony Nyman, head of G10 FX at Informa Global Markets (IGM).

The UK has just months to work out a deal that would be agreeable to its own public and the EU. But with time running out and a solution looking further away, members of parliament have warned the likelihood of a no-deal Brexit now stands at 60%.

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