Saxo Bank: sterling would reach parity with dollar under Corbyn as UK’s PM

Campaign of renationalisation and fiscal expansion would widen the twin deficits to 5% of GDP and spur inflation

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Steen Jakobsen: our outrageous predictions are “events and market moves deemed outliers with huge potential for upsetting consensus views”

Sterling would tumble to parity with the dollar if a Labour government under Jeremy Corbyn assumes power in the UK in 2019, on the promise of comprehensive progressive reform and a referendum on a new Brexit deal, says Kay Van-Petersen, a global macro strategist at Saxo Bank.

This is one of Saxo Bank’s 10 outrageous predictions for 2019, in which the Danish bank outlines a set of highly unlikely events that could have an immense impact on the market if they took place.

“It is important to

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