War-Gaming the Pound on Brexit Vote Suggests More Wild Rides
- Second referendum best outcome for sterling, survey shows
- Respondents at 11 banks see 15 percent chance deal passes
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The best case for the pound after this week’s vote on Prime Minister Theresa May’s Brexit deal is also among the least likely. The worst case, a slump, is only slightly less probable.
That’s the finding of a Bloomberg survey of 11 banks before Parliament’s verdict Tuesday on the plan for a March 29 departure from the European Union. Depending on the vote and May’s response to it, the currency could jump to the strongest level since May 2018 or plunge to its lowest point since the Brexit referendum in June 2016.