Sterling (GBP) could slide between 5 and 10 percent in the event of a disorderly Brexit, but may rise between 2 and 5 percent if Britain exits the European Union (EU) with a divorce deal, a Reuters poll found on Wednesday.
Britain is due to leave the EU in less than eight weeks.
Key points (Source: Reuters)
GBP is seen making solid gains on the dollar in the coming year, which suggests foreign exchange strategists expect an agreement to be reached.
In one month’s time a pound will be worth $1.31, in six months $1.35 and in a year it will be almost 8 percent stronger at $1.40, according to the poll.
The currency would move in a relatively wide range ahead of the March 29 departure date, between $1.28 and $1.33.
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