UK ramps up no-deal Brexit warnings as May faces battles in parliament

<p>Theresa May&#39;s been touring Northern Ireland and Wales to drum up support for her Brexit deal ahead of a parliamentary vote many expect her to lose next month.</p><p><img src="https://imedia-peoplesdaily.pdnews.cn/up/cms/www/201811/29104227pxra.jpg" title="VCG125250477_00004.jpg" alt="VCG125250477_00004.jpg" width="800" height="" border="0" vspace="0" style="width: 800px;"/></p><p><span style="color: rgb(127, 127, 127);">Video source: VCG</span> </p><p>The real turbulence could be after that — if Britain heads towards the EU exit door with &#39;no deal&#39;.</p><p>Bank of England governor Mark Carney was expected to lay out one such warning on Wednesday.</p><p>And the government itself published its own assessments.</p><p>With a deal, the government projects an economy 2.1 percent smaller in 15 years’ time than if the UK remained in the bloc.</p><p>Without a deal, it forecasts a 7.7 percent hit to GDP.</p><p>Economists already see damage.</p><p>In the short term, traders expect continued pressure on the pound.</p><p>The pound broke below key support at just under $1.28 on Tuesday.</p><p>Wednesday saw it hovering around half a cent below that, as markets prepared for Brexit forecasts.&nbsp;</p>