Sterling could rise 8 percent this year, assuming Britain and the European Union part ways amicably, according to a Reuters poll of foreign exchange strategists.
Key points (Source: Reuters)
In a month, sterling will be little moved from Wednesday’s levels, trading at $1.27.
When Britain and the EU part ways it will have strengthened to $1.30. By mid-year, it will have climbed to $1.32 and at year-end, it will be over 8 percent higher at $1.38.
The 12-month median forecast is still lower than the $1.50 sterling was hovering around before the June 2016 Brexit referendum.
Only three of 66 analysts with 12-month forecasts expected it to strengthen past that.
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