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No-Deal Brexit: Short Positions Against the Pound

Part of the debate – in the House of Commons on 30th September 2019.

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Photo of Liz McInnes Liz McInnes Shadow Minister (Foreign and Commonwealth Affairs)

The Minister quotes Frances Coppola, but she also said:

“Many hedge-fund managers see Brexit…as an opportunity from which they obviously hope to profit, and they are positioning their portfolios accordingly”.

She fears that that creates “psychological pressure” on the Prime Minister

“to deliver what his backers want rather than what is in the best interests of the country”.

How can the Minister convince the people of the UK that the Prime Minister has the moral courage to resist that psychological pressure?