BoE's Cunliffe: Risk of no deal Brexit and no transition has gone up

While speaking at an event in Lisbon, Bank of England (BOE) Monetary Policy Committee (MPC) member and Deputy Governor Cunliffe argued that the risk of a no deal Brexit and no transition had gone up but added they prepared their financial sector.

The British pound largely ignored these comments and the GBP/USD pair was last seen trading at 1.2570, losing 0.15% on a daily basis.