Sterling HY pops after ‘hard Brexit’ speech

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Sterling HY pops after ‘hard Brexit’ speech

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Close-up of a line of ten pound notes. | Anthony Brown/antbphotos - Fotolia

The tally of sterling high yield bond sales in January is on course to reach £2bn, a sensational reversal from 2016’s entire first quarter without issuance in the currency, with several issues this week despite news that the UK will seek to leave the EU single market.

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