Brexit Devolves Into Train Wreck (Again) As Pound Dives, Gilts Surge, BoE Hikes Pushed Back

Brexit Devolves Into Train Wreck (Again) As Pound Dives, Gilts Surge, BoE Hikes Pushed Back

Theresa May's Brexit push veered off the highway and onto the rumble strips again on Thursday, as Brexit Minister Dominic Raab and Pensions Secretary Esther McVey resigned. Raab's exit presents “an even higher risk that the deal will fail to pass Parliament”, Nordea's Andreas Steno Larsen said, adding that the risk of May being forced to step down and call snap elections is "high". Danske Bank's head of FX echoed those sentiments, noting that a strong November might well “turn to cold Dec
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