Pimco’s Amey: Pound could tumble to near $1.15 over the next six months if Brexit deal crashes

The managing director of Pacific Investment Management Co (PIMCO) Mike Amey said that Pound could tumble to near $1.15 over the next six months if Britain crashes out of EU without a Brexit deal. On the other hand,  Sterling could gain 5%-10% vs Euro over the next 12 months if the UK, EU reach a Brexit agreement.

Mike Amey is a managing director and portfolio manager in the London office of Pacific Investment Management Co (PIMCO) that manages $1.71 trillion in assets globally.