Euro central bankers warn of no-deal Brexit risk to markets

3 April, 2019 12:00 AM printer

FRANKFURT AM MAIN: Financial markets have not "priced in" the risk of a no-deal Brexit and could suffer turmoil if the "worst-case scenario" materialises, top European central bankers warned Monday.

The risk of Britain crashing out of the EU on April 12 is "something that we cannot neglect," European Central Bank vice-president Luis de Guindos told European Parliament lawmakers in Brussels, reports AFP.

"Markets have not priced in the possibility of a no-deal scenario... just suppose that this worst-case scenario arrives, we have to be prepared," he added.