Bloomberg As markets bet on a no-deal Brexit, the real shock for pound traders could be Prime Minister Boris Johnson clinching a sudden deal. Sterling has tumbled in recent weeks as Johnson’s “do or die” stance has led traders to increase bets against the currency on the prospects of a no-deal Brexit on October 31. Yet a surge of nearly ...

Bloomberg Deutsche Bank AG executives were outraged. They had just missed out on a major deal with the Russian government and wanted answers. “We must use whatever tactic and political pressure to avoid this embarrassment,” a senior banker in London wrote in an email to the firm’s top executive in Russia. “DB not participating is a slap in our face.” ...

Bloomberg A collapse of Brexit talks resulting in the UK leaving the European Union without a transition agreement would likely prompt the Bank of England to loosen monetary policy, Governor Mark Carney said. While the Monetary Policy Committee’s reaction would depend on how demand, supply and exchange rate are hit, “the appropriate policy path would be more likely to ease ...