Skip to content
Subscriber Only

Pound Could Slump to Parity on a Hard Brexit, BNY Mellon Says

  • Dhar recommends long positions in FTSE 100 as Brexit hedge
  • Cable may rise 5% from 1.25 level if U.K. secures a deal
Video player cover image
Brexit and `Atrocious' Current Account Deficit to Weigh on Pound: Weinberg

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Sterling could tumble to parity with both the dollar and the euro if the U.K. crashes out of the European Union without a deal, according to Shamik Dhar, chief economist at BNY Mellon Investment Management.