No-Deal Brexit Risk Hangs Over Pound Investors After EU Reprieve

Pound traders face the risk of yet another vote on Theresa May’s Brexit plan next week, with the prospect of no-deal continuing to hang over the currency. Sterling dodged a bullet as the European Union extended the Brexit deadline by two weeks to April 12, or to May 22 if the prime minister’s deal passes Parliament at a third attempt. The last-minute reprieve still doesn’t remove the threat of Britain crashing out of the EU and the pound tumbling for Goldman Sachs Group Inc.