Leading bank predicts Sterling at $1.10 in no deal Brexit
Mon 7:36 pm +01:00, 19 Oct 2020That’s a big fall from its current position of £1.296.
It seems like bets to the south will prosper.
Asset prices denominated in sterling will rise if Sterling starts looking at $1.
It came in a private client advisory note.
Sterling has been falling against the $ for two hundred years.
Sterling was over $1.50 just four years ago.
Brexit makes a good excuse for a market move.
Brexit will be used for the excuse for all sorts of things, not all them bad.
British manufacturing will be highly competitive.
