The pound falls below $1.30 after Carney warns of ‘uncomfortably high’ no deal Brexit risk

Bank of England Governor Mark Carney. Hannelore Foerster/Getty


LONDON — The pound fell below $1.30 against the dollar on Friday morning after Bank of England Governor Mark Carney said there was an “uncomfortably high” chance that Britain will leave the EU without a deal.

“The possibility of a no deal at the moment is uncomfortably high. It is highly undesirable, parties should do all things to avoid it,” Carney said during an interview on BBC Radio 4’s Today Programme.

Carney said the Bank of England recently ran an economic simulation of what might happen after a no deal Brexit. The results suggested the UK would fall into a recession, with interest rates and unemployment soaring.

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