GBP: Brexit focus restrains GDP – ANZ
|Research Team at ANZ, suggests that the UK referendum on EU membership continues to dominate sentiment towards sterling and has weighed the economy.
Key Quotes
“Opinion polls show a rise in support for the ‘Remain’ campaign, but the high level of undecided votes is adding to uncertainty.
The BoE suggests 50% of sterling’s slide this year is down to Brexit anxiety. PPP puts GBP around 15% undervalued vs USD.”
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