UBS analyst says if Britain chooses not to have a deal for Brexit, the pound may sink 8%. This would be a mirror-day for GBP from the vote for Brexit, where pounds fell by just that much.
At the meeting between US President Donald Trump and Theresa May, this scenario began to sound realistic, and if the situation continued to evolve in that direction, GBP could get a new hit like this.
Chart: Used with permission of Bloomberg Finance L.P.
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