Sterling would rally substantially if Britain leaves the European Union with a d...
LONDON - Sterling would rally substantially if Britain leaves the European Union with a deal but weaken further if no such accord is reached, a Reuters poll showed on Friday.
It is still not clear how, when, or even if Britain will leave the EU, and the results of the two-horse race to become leader due on July 23 could steer that eventual outcome. If it’s no deal then one pound, worth around $1.26 on Thursday, will only get you between $1.17 and $1.25 in the month after the two sides part ways, according to the median estimate in the July 1-4 poll of currency strategists.
In one month a pound will get you $1.26. In six months it will be worth $1.28, and in a year sterling will be 5% stronger at $1.32.
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