An opinion piece on the Financial Times on the "real and present danger of Johnson's no-deal Brexit" for sterling.

The FT is gated. The whole article is worth a read if you can access it though.

The gist of it …

  • given the depth of political risks, some investors now see better places to invest outside the UK. Soon, we will see how harmful Brexit really is for the pound
  • Some say it could fall to $1.15 or so … Hermes' Silvia Dall'Angelo fears it could sink to parity with the dollar
  • The coming months are crunch time