The British pound can quickly fall to the level of 1.10 US dollars if the United Kingdom leaves the European Union without an agreement.
The pound sterling will suffer greatly if the likelihood that the transaction is not confirmed in December or January, and is not approved by the Prime Minister Theresa May or the country’s parliament, will become a reality.
Analysts say that when a pound moves, it moves. The collapse of the pound to 1.10 dollars and the fall of the pound to 96-97 pence against the euro can occur “quickly.”
Recall that on the eve of sterling sterling traded at around 1.2834 dollars and about 88.82 pence against the euro.
Note that less than five months before the time before Britain officially leaves the EU, both parties have not completed the settlement of their “divorce”. If no agreement is reached by the end of March 2019, the pound sterling will fall to at least $ 1.20, as indicated by a survey of analysts by Reuters.
The material has been provided by InstaForex Company – www.instaforex.com