According to the results of the latest Reuters poll of economists, a majority of them believe that the British currency, the GBP, is poised for a 2.75% fall should the parliament reject the Brexit deal.
Key Findings:
The EU-UK free trade agreement is the most likely outcome of Brexit talks.
Chance of disorderly Brexit holds steady at 25%.
Bank of England to raise bank rate by 25 basis points to 1.00% in Q2 2019 (same as November poll).
UK economy to expand 1.5% in 2019; 2020 (unchanged from November poll).
Only one of 77 economists polled expects a change in UK bank rate from 0.75% on December 20.
Sterling would gain 3.5% if Brexit deal is passed by parliament; fall 2.75% if rejected.
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