Friday December 6, 2019

Invested: Crunch time for nervous Britain

There’s only a month to go until the British Brexit referendum and investors are becoming distinctly uneasy, writes Ian Guider

Ian Guider

Markets Editor

22nd May, 2016
London: if Britain leaves Europe, some suggest sterling could fall by a further 20 per cent Pic: Getty

A year ago in Greece, the cash machines started to run dry. Its newly-elected government decided to play the ultimate game of chicken with the nation’s creditors. A hastily-arranged referendum to strengthen the hand with the European Union pushed the country to brink. What had never been spoken of before: an exit of a member of the European currency was put on the table. It was as close to an existential threat that the European...

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