UK SMEs expect Sterling to fall sharply after Brexit

Omkar Godbole FXStreet Contributor

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.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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