UK SMEs expect Sterling to fall sharply after Brexit
|Reuters latest survey of UK's small and medium-sized enterprises (SMEs) revealed that thirty-four percent of firms expect Sterling to fall by more than 10 percent after Brexit. Meanwhile, only 1 percent of firms see the British currency appreciating by 10 percent or more.
Key points
- Eighteen percent of companies said they did not know how the currency would move after Brexit.
- nearly two-thirds said they were not doing anything to prepare for a weaker pound.
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