Prominent Brexit supporter Crispin Odey proved it when he correctly wagered that the U.K. would vote to leave the European Union. It suggests that even Brexiters know a bad trade when they see one. The trade hinges on events in Britain’s fractious Parliament, which is next week set to vote on Theresa May’s deal to leave the EU. Businesses and foreign leaders have lined up to support May’s take-it-or-leave-it strategy. A defeat for May’s deal might open the way to more benign, pound-friendly, alternatives.

Source: Washington Post January 11, 2019 15:41 UTC