Sterling would lose around 9 percent of its current value against the dollar and...
LONDON - Sterling would lose around 9 percent of its current value against the dollar and trade at $1.20 in the immediate aftermath of Britain leaving the EU without a deal, a Reuters poll of foreign exchange strategists predicted.
In six months’ time the pound will have strengthened to $1.35 and in a year to $1.39, the poll found, little changed from a February poll and still significantly below levels it was trading at before the June 2016 referendum vote to leave the bloc. “Sterling is likely to fall to parity ...if the UK does not keep traffic flowing across the channel tunnel, preserve the Good Friday Agreement and avoid the other negative consequences of a hard Brexit,” said William Adams at PNC Financial Services.
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