Sterling to slump on no-deal Brexit - Reuters

Sterling (GBP) could slide between 5 and 10 percent in the event of a disorderly Brexit, but may rise between 2 and 5 percent if Britain exits the European Union (EU) with a divorce deal, a Reuters poll found on Wednesday. 

Britain is due to leave the EU in less than eight weeks. 

Key points (Source: Reuters)

GBP is seen making solid gains on the dollar in the coming year, which suggests foreign exchange strategists expect an agreement to be reached.

In one month’s time a pound will be worth $1.31, in six months $1.35 and in a year it will be almost 8 percent stronger at $1.40, according to the poll.

The currency would move in a relatively wide range ahead of the March 29 departure date, between $1.28 and $1.33.