Sterling to coast as it rides out Brexit waves - Reuters poll [Reuters]
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
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Source: Reuters
Sterling to coast as it rides out Brexit waves - Reuters poll | Reuters 4 Min Read LONDON (Reuters) - Market speculators are likely to keep their sterling positions steady this month, according to a plurality of respondents in a Reuters poll which predicted the currency will trade around where it is now against the euro and dollar in a year. Sterling GBP= was hammered after Britain's decision to leave the European Union and is around 13 percent weaker against the dollar compared to before the June 2016 referendum. Some say it may have already passed its nadir. The currency made its steepest monthly gains in two years in September, buoyed by speculation the Bank of England will hike interest rates next month and after Britain’s Brexit secretary said “considerable progress” had been made in EU divorce talks. But this month, sterling has slipped a little after a string of data showed the British economy struggling to gain momentum, at odds with the BoE’s more rosy outlook, and as traders
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