Pound wobbles as Johnson says get ready for ‘no-deal’ Brexit

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Boris Johnson said Britain should get ready for an Australia-style agreement based on WTO rules from January “unless there is a fundamental change of approach” from Brussels.

NEW YORK: The British pound wobbled Friday, boosting London stocks, after UK Prime Minister Boris Johnson warned he was ready to walk away from European Union trade talks and prepare for a “no-deal” Brexit.

Sterling fell below $1.29 before crawling back after Johnson accused the EU of failing to negotiate seriously — and declared Britain should “get ready” for an Australia-style agreement based on World Trade Organization rules from January “unless there is a fundamental change of approach” from Brussels.

A Johnson aide ramped up the rhetoric by adding that trade talks were over unless Brussels “fundamentally shifts its…

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