-
Goldman Sees Pound Rally to Three-Year High If Brexit Delayed
An extension to the Brexit process will be good news for the pound as it opens the door for a closer relationship with the European Union, according to Goldman Sachs Group Inc. Sterling could rally toward 80 pence per euro, a level not seen since the vote to leave the EU in 2016, should a move to prolong the Brexit deadline pave the way for “softer outcomes,” the U.S. bank wrote in a note. These include a customs union, single market membership or a second referendum, it said. “We remain of the view that the pound is due for a ‘deal dividend’ once the U.K. moves into the lengthy transition period on its way ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Mar 13, 2019 9:47am Mar 13, 2019 9:47am
- hkg_paul
- Joined May 2011 | Status: Member | 1069 Comments
- Comment #2
- Quote
- Mar 13, 2019 9:50am Mar 13, 2019 9:50am
- swing77
- Joined Oct 2015 | Status: Ltf market | 1510 Comments
- Comment #3
- Quote
- Mar 13, 2019 11:32am Mar 13, 2019 11:32am
- Guest
- | IP XX.XXX.6.19