Almost Everyone Thinks the Pound's Days Are Numbered
- Median of post-referendum forecasts is for 6% drop by year-end
- Sterling is 11% weaker since U.K.’s decision to quit EU
This article is for subscribers only.
The pound will fall even further than its three-decade low reached in the immediate aftermath of the Brexit vote, according to almost all the analysts who’ve changed their forecasts since the referendum.
Of the 36 new predictions in a Bloomberg survey, 32 are for sterling to end the year at or below $1.30, with only two forecasting a rally from current levels. The median estimate is even more bearish at $1.25.