Politics

Goldman Sachs: Pound attractive at current levels of no-deal Brexit risk

The bank said the odds of a no-deal Brexit are 'meaningfully lower' that the market is implying

The market has exaggerated the risk of a no-deal Brexit and sent the British pound down farther than is justified — making the currency attractive at its current price, according to Goldman Sachs.

The bank said the odds that the UK would leave the European Union without a trade agreement are “meaningfully lower” than what the currency markets are implying.

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