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Sterling to head lower as Brexit looms

Exit cost: if the UK leaves, sterling will trade lower, with the biggest impact coming versus the dollar and yen

CLICK HERE TO VIEW THE PDF Volatility in sterling is set to increase over the next three months in the run-up to the EU referendum on June 23, says Jeremy Stretch, head of G10 FX strategy at CIBC, which won this week’s 12-month forecast tables. A year ago, with cable trading at 1.49, it was difficult to foresee a referendum, let alone the impact it would have on sterling over the following months….

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Foreign exchange – FX Week

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