Has a no-deal Brexit become more likely? |
Anatole Kaletsky | Gavekal Dragonomics | 03 June 2019 |
After British Prime Minister (PM) Theresa May's resignation announcement, some of the candidates to succeed her have proclaimed their desire for a 'no-deal Brexit'. In response, European leaders are ramping up preparations for a total rupture with the United Kingdom, financial analysts are revising their forecasts accordingly, and the pound sterling is collapsing. The fears about a no-deal Brexit are understandable. Such an outcome... |
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