Branson warns of catastrophic collapse of the pound [GBP] in a no-deal Brexit

GeoPolitical News | Sir Richard Branson

Following on from his comments that his airline Virgin Atlantic, had suffered huge losses since the referendum result in 2016 due the drop of value in the pound [GBP] again the dollar [USD] serial entrepreneur, Sir Richard Branson has upgraded his warning last December [2018] from the UK would be left "near bankrupt" in the event of a hard Brexit to his forecast that the pound [GBP] would reach parity with the dollar [USD] if Prime Ministerial front runner Boris Johnson leaves the EU with No Deal on the 31st October deadline.

With this mornings pound/dollar rate quoted by currency authority XE.com standing at $1.23574 his prediction would see a just over 20% decrease in the pounds [GBP] overall value.

Location: City of London, London, UK

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