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Most investors are reluctant to pick a particular level that would persuade politicians to agree a deal. But a rush in option markets to protect against further sterling slides shows nervousness is growing. BNY Mellon strategist Simon Derrick expects action when headlines of market mayhem spread worldwide at a time when liquidity is thin as the end-of-year holidays approach. “It’s when the volatility starts to spill over into international markets,” he said, pointing to the December-January period when, after a failed first attempt to get it through parliament, the government would have a short window to try again unique mens cufflinks uk sale.

A rout in the pound presents risks because the UK’s large current account deficit makes it — in Bank of England Governor Mark Carney’s words — reliant on the “kindness of strangers” or overseas investment to pay its bills. Sterling’s devaluation since the 2016 referendum has shrunk the deficit but it still stands at 3.9 percent of GDP unique mens cufflinks uk sale. Ben Lord, a UK fund manager at M&G Investments, noted this was similar to levels seen during the ERM crisis or Britain’s 1976 bailout by the International Monetary Fund..

TOKYO (Reuters) – Japanese prosecutors are likely to build a new criminal case against ousted Nissan Motor (7201.T) Chairman Carlos Ghosn for understating his remuneration by 3 billion yen ($27.0 million) over three years from fiscal 2015, the Asahi newspaper reported on Friday. Ghosn and former Nissan Representative Director Greg Kelly are currently being investigated in a case of alleged conspiracy to understate Ghosn’s remuneration by about half the 10 billion yen he earned at Nissan over five years from fiscal 2010 unique mens cufflinks uk sale.

Combined, Ghosn has understated his remuneration at Nissan by around 8 billion yen in the eight years through the fiscal year that ended in March, the paper said, without citing sources. It did not mention whether a new case would also target Kelly. Ghosn and Kelly were arrested and dismissed from their positions this week over allegations of financial misconduct. A new case would make Ghosn liable for rearrest, Asahi said. With the duo still in custody, neither man has been able to defend himself publicly against the allegations unique mens cufflinks uk sale.

(Reuters) – Carlos Ghosn, one of the most celebrated leaders in the global auto industry, was ousted as the chairman of Nissan Motor Co (7201.T) on Thursday over allegations of financial misconduct including under-stating his income by around 5 billion yen ($44 million) over five years unique mens cufflinks uk sale. Ghosn, who helms Mitsubishi Motors (7211.T) and Nissan’s French partner Renault (RENA.PA), is one of the most well-paid executives at global automakers, a Reuters analysis of company filings shows. The following is a snapshot of the compensation packages earned by top auto executives in their latest financial year..