A no deal Brexit would send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned.
It said the UK economy could shrink by 8% in the immediate aftermath if there was no transition period, while house prices could fall by almost a third.
The Bank of England also warned the pound could fall by a quarter.
The Bank’s analysis comes after the Treasury said the UK would be worse off under any form of Brexit.
via BBC 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.