Bundesbank Executive Board Member Andreas Dombret
- says Hard Brexit is economically manageable
More, via Bloomberg:
- Dombret writing in column for Focus magazine (German-language news magazine)
- Says banks, savings banks need to prepare for a failure of U.K. exit negotiations in view of sluggish state of talks and for a disorderly exit
- In that case, the U.K. would be treated as a third country by EU and banks would know "precisely which rules apply"
Sounds like D outlining a worse case scenario here.
GBP barely changed