Crispin Odey: I am not backing no-deal Brexit as shorting opportunity - News Summed Up

Crispin Odey: I am not backing no-deal Brexit as shorting opportunity


The wealth of Odey and his wife, Nichola Pease, has been put at £775m by the Sunday Times rich list. Odey said he supported holding a general election, arguing “the problem is that this parliament was never set up to deal with Brexit”. But he emphasised the short positions were sometimes proxies for other bets. He is an enterprise man.”Asked why Hammond and Macpherson might question his motives, Odey responded: “It’s the deep state. They are feeling, for the first time, a little bit frustrated.”He backed a no-deal Brexit, he said, because alternative methods of leaving the EU would lumber the UK with the equivalent of unattractive “non-voting shares”.


Source: The Guardian September 30, 2019 12:45 UTC



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