GBP to fall nearly 3% if parliament rejects Brexit deal – Reuters poll

Dhwani Mehta FXStreet

According to the results of the latest Reuters poll of economists, a majority of them believe that the British currency, the GBP, is poised for a 2.75% fall should the parliament reject the Brexit deal.

Key Findings:

The EU-UK free trade agreement is the most likely outcome of Brexit talks.

Chance of disorderly Brexit holds steady at 25%.

Bank of England to raise bank rate by 25 basis points to 1.00% in Q2 2019 (same as November poll).

UK economy to expand 1.5% in 2019; 2020 (unchanged from November poll).

Only one of 77 economists polled expects a change in UK bank rate from 0.75% on December 20.

Sterling would gain 3.5% if Brexit deal is passed by parliament; fall 2.75% if rejected.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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