According to the analysts at the US investment banking giant, Goldman Sachs, the odds of a damaging no-deal Brexit are lower, which makes the sterling look attractive at current levels.
Key quotes (via Reuters)
“Odds of a damaging no-deal Brexit are “meaningfully lower” than the market is implying.”
“The market was pricing 40%-45% odds of Britain ending its post-Brexit transition period without reaching a free-trade agreement with the European Union.”
“The UK government was aware how damaging a no-deal outcome would be to the economy.”
“For investors willing to look through some near-term volatility, current levels for sterling longs now look attractive, in our view.”
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