Peter Hargreaves and Crispin Odey: 'Brexit won't happen'

Odey now backing sterling to rise

Hargreaves Lansdown co-founder Peter Hargreaves and hedge fund veteran Crispin Odey have said they expect Brexit will not happen, despite both backing the Leave campaign prior to the 2016 referendum.

The pair told Reuters their pessimism stems from the Brexit deadlock in Parliament, which is set to vote on Prime Minister Theresa May's controversial agreement on Tuesday (15 January). The Odey Asset Management founder has now amassed a position in favour of sterling, which he expects to bounce in the event Brexit is cancelled. For his part, Hargreaves believes the political establishment is determined to stop Brexit, a generation of distrust of Britain's political classes. Brexit clarity will release pent-up demand for UK assets He said the Government will first force an exten...