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Dec. 13, 2019, 4:19 a.m. EST

Fidelity: Johnson now 'unworried by Brexiteer wing'

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By Steve Goldstein

Tom Stevenson, investment director of Fidelity International, said Prime Minister Boris Johnson is now "unworried by the Brexiteer wing" after the commanding Conservative victory in the general election. "The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.0692% /zigman2/quotes/210561278/realtime/sampled GBPEUR +0.0426% reacted so positively to the expected big Conservative majority because it raises the chances of a closer alignment with Europe in the long run," he said. "Unworried by the Brexiteer wing of his party, Mr Johnson has more freedom to conduct the forthcoming trade negotiations as he chooses. It is not clear yet whether freedom from the Brexiteer wing of the party will see the PM pursue a hard Brexit or tack back to the centre ground and greater alignment with the EU."

/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3018
+0.0009 +0.0692%
Volume: 0.0000
Jan. 21, 2020 12:24a
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/zigman2/quotes/210561278/realtime/sampled
US : Tullett Prebon
1.1730
+0.0005 +0.0426%
Volume: 0.0000
Jan. 21, 2020 12:24a
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