Deal or No Deal? How to Trade the Three Possible Brexit Outcomes

(Bloomberg) — Follow @Brexit, sign up to our Brexit Bulletin, and tell us your Brexit story. The pound, U.K. stocks and British government bond yields would all likely plunge should the country leave the European Union without a deal on Oct. 31.Sterling would drop to $1.11 from a current level of around $1.23, according to a Bloomberg News survey of 18 foreign-exchange strategists and investors, while a rush toward the safety of government debt could drive bond yields to record lows. Bloomberg Intelligence forecasts a 13% slide in the fair value of the FTSE 100 index over 12 months in …read more

Source:: Yahoo Finance

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