World News: 09:14 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
Sell the pound, avoid U.K. gilts and wait for Brexit progress. BlueBay Asset Management LLP is shorting the pound and gilts, while UBS Wealth Management is avoiding U.K. government debt and long-term pound bull Nomura International Plc has ended its buy recommendation on sterling. With Brexit talks between the Conservatives and opposition Labour dragging on and no sign of progress, the pound is one of the worst performers among Group-of-10 currencies in the past week.
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