The pound has fallen to a 31-year low against the US dollar, pushed down by the latest market jitters surrounding Brexit. Sterling had already fallen sharply following the referendum, leaving markets, businesses and Britons asking: what next?
The average analyst thinks the fall in sterling is probably over. The market consensus is that the pound will stay at roughly $1.28 for the next six or nine months, before edging up to $1.30 in the second half of 2017 and creeping up over the next few years, ending up back at $1.55 in 2020...........................................Full Article: Source
|