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Risk of no deal Brexit has risen - BoE's Cunliffe

Risk of no deal Brexit has risen - BoE's Cunliffe
Bank of England Deputy Governor Jon Cunliffe speaks at the 'Future Forum 2017' event in St George's Hall, Liverpool, Britain November 16, 2017. REUTERS/Phil Noble -
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PHIL NOBLE(Reuters)
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LISBON (Reuters) – The risk of Britain leaving the European Union without an agreement has risen but Britain has prepared the financial sector for it, Bank of England deputy governor Jon Cunliffe said on Wednesday.

“The risk of no deal and no transition has gone up,” Cunliffe told a conference in Lisbon. “We have prepared our financial system exhaustively.”

(Reporting By Sergio Goncalves, writing by Axel Bugge)

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