Bank of America criticism of pound performance shows need to extend transition period

Parliamentary news
Responding to news that analysts at Bank of America have suggested pound sterling has behaved more like the currency of an emerging market since the Brexit referendum vote, Acting Leader of the Liberal Democrats Ed Davey said: “Boris Johnson's reckless pursuit of Brexit at all costs risks diminishing the UK's global status in both economic and political terms. “Instead of acting in the national interest, Conservative Ministers have been content to drive the UK towards a disastrous no deal Brexit cliff-edge. It's no surprise the pound has suffered as a direct result. “The Prime Minister must do the responsible thing and ensure some stability by extending the transition period. We are already struggling with a global crisis. Adding Brexit uncertainty to this is utterly reckless and will harm our chance of a rapid recovery.”
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