The The pound could fall as much as 5% against the US dollar if the UK and the European Union (EU) fail to reach a trade deal on Brexit, revealed Tuesday the latest survey of Bloomberg made to nine strategists.
Outstanding conclusions:
“The coin may drop to $ 1.25 by the middle of next year, as the disturbance exacerbates the economic damage of the pandemic. ”
“An agreement is still the baseline scenario, and the respondents see a 70% chance of some type of agreement. If it happens, the coin could go up another 2.5% to 1.35 dollars, a level not seen since the end of 2019 ”.
“A Bloomberg option pricing model suggests about a 25% chance of a sharp change above $ 1.40 or below $ 1.26 in one year.”
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