LONDON, March 29 The head of global bonds at the
world's largest asset manager BlackRock said on Wednesday that
he remains invested in the British pound but has concerns over
the timeline for Brexit negotiations.
British Prime Minister Theresa May will file formal Brexit
divorce papers on Wednesday, starting a two year negotiation
over the terms of divorce with the European Union.
"We are still positive on sterling but there are
still...risks," Scott Thiel said at an event in London, adding
that the possibility of a "hard" Brexit where there is no
agreement had increased.
Thiel also said he likes the euro as an investment but has
bought so-called put options on the single currency to protect
against French election risk.
(Reporting by Dhara Ranasinghe, Writing by Abhinav Ramnarayan;
Editing by John Geddie)