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Brexit is back. Raising the stakes in trade negotiations with the European Union, the British government’s startling move to undermine elements of the EU withdrawal agreement, has seen the pound sell off drastically towards its post-referendum lows.

Whether this latest twist is remembered as a bold strategy or more reckless bluster by Boris Johnson’s government will be down to posterity. What is for sure, coming amid the precarious next phase of managing the coronavirus, for the remainder of 2020 investing in sterling-denominated assets will be fraught with trepidation.

 

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