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Goldman Sachs: 5 reasons sterling could fall 7% in two months

Discussion in 'Fundamental Analysis' started by ForexLive, Oct 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Goldman Sachs on the pound: With the prospect of a 'hard Brexit' becoming a reality, investors who were previously expecting a 'soft' Brexit, or no Brexit at all, have updated their priors, and Sterling has depreciated about 5 percent over the space of a week against G10 currencies. GBP/$ is about 1.5 percent above 1.20, which is our 3-months forecast published on 5 July 2016.

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