Europe’s $3.5 Trillion Unity Rally Leaves Britain Far Behind
- Risk of a no-deal Brexit is keeping investors away from U.K.
- Pound is heavily shorted among currencies, Scotiabank says
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The differences between European and U.K. markets are looking starker than ever.
As European Union leaders forge a historic rescue deal to save the bloc’s weakest economies, Brexit talks continue to fail in making any progress. By almost every market metric, investors are rewarding European unity and punishing the U.K.’s intractable problems.