Goldman Says Pound Will Rise Against All G-10 Peers This Year
- Risk of no-deal Brexit has dropped in past week, Pandl says
- Sterling will climb to $1.36 by year-end: Bloomberg survey
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The pound may advance against all its Group-of-10 peers this year as the risk of a no-deal Brexit has been declining, according to Goldman Sachs Group Inc.
Sterling has strengthened for five straight weeks as the defeat of Prime Minister Theresa May’s Brexit plan last Tuesday was seen boosting the prospects of a second referendum that may result in the U.K. staying in the European Union. The premier is expected to present a new proposal to Parliament Monday.