(Bloomberg Opinion) — The British pound has been on a losing streak in recent days as the likelihood increases the U.K. will leave the European Union without a trade agreement. Given the potential disastrous economic consequences of such a fractious departure, the question arises as to why traders haven’t punished sterling even harder.The answer probably lies in the fault lines that bedevil the pound’s peers. But its resilience may not last.The U.K. government said this week it’s prepared to break international law “in a very specific and limited way,” introducing legislation on Wednesday designed to dodge parts of the EU …read more
Source:: Yahoo Finance
