Latest Reuters poll of 50 strategists says pound will drop recent gains against the US dollar and extend decline if UK does not seek extension beyond June 30 deadline to reach agreement trade with the European Union after Brexit. (EU).
“The British pound should have weakened to $ 1.23 in late June. the week.
However, polls by Reuters economists have repeatedly said that the two sides will eventually conclude a free trade agreement and that the pound should strengthen by about 1.6% to $ 1.28 in one year.
All but two of the 23 respondents to a supplementary survey question said that the pound would weaken in early July if there were no expansion.
The common currency will move little against the pound, the poll found. In one month, one euro will earn you 90 pence and in one year, it will cost you 88 p. “