There is more than a one-in-five chance that Britain remains in the European Uni...
LONDON - There is more than a one-in-five chance that Britain remains in the European Union and there’s a greater likelihood of that outcome than a no-deal Brexit, said Peter Fitzgerald, head of multi-asset management at Aviva Investors.
The currency rallied after Prime Minister Boris Johnson secured a divorce deal with Brussels last month and hasn’t fallen much even after it failed to get through parliament and the election was called. Currently around $1.29, sterling was above $1.50 before the 2016 Brexit referendum. Fitzgerald reckons a move “closer to” $1.40 is possible.
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