Pound to euro exchange rate: Sterling will SKYROCKET in THESE Brexit transition scenarios

Pound to euro exchange rate: Sterling will SKYROCKET in THESE Brexit transition scenarios
 

The pound could rocket in 2018 with a Brexit transitional agreement, Bank of America Merrill Lynch’s Director of G10 FX Strategy, Kamal Sharma has said.
Speaking to Bloomberg, he said: “We’ve always thought the catalyst for a meaningful and sustained break above 1.40 was at least acceptance that there would be a transition agreement. 
“Our baseline scenario is that we will get a transition agreement.
“We think the pound should benefit in two scenarios whether it’s a limited time period which, in all likelihood, will have to be extended if a deal isn’t agreed.
“Or if it’s a fixed time... read more

 
30 January 2018 in Business, Views: 63
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