# Investing: UBS, JP Morgan on British pound sterling, European stocks

> The EU and UK agreed to extend the Brexit deadline to October 31, which UBS said could lead to UK general elections and a higher risk of no-deal Brexit. UBS said sterling could fall toward 1.24 or 1.15 against the dollar, which it sees as a buying opportunity.

- Date: 2019-04-11 · published 2019-04-11T12:00:00.000Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/59851-investing-ubs-jp-morgan-on-british-pound-sterling-european-stocks
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A slide toward 1.24 or lower would make sterling-priced and dollar-linked UK purchases more expensive and reflects rising political risk.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2019/04/11/investing-ubs-jp-morgan-on-british-pound-sterling-european-stocks.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.