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Almost everybody thinks that the GBP will continue to sink

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Almost everybody thinks that the Pound will continue to fall even below the previous low, that it created at the day of Brexit. From 36 polls 32 are for the pound to be between $1.25 - $1.30 levels by the end of the year. This is 6% lower from the $1.3277. Even after the 2 day rally the currency is down 11% after ot quit the EU. Its down 3% after the speech from Carney hinting that rates in the UK may be lowered as soon as this summer.  The fall of the GBP has a good side as well, the cheaper currency helps the exporters and cheaper products compare to the other countries and this has already helped the FTSE 100 to recover all of the slump that it was in after 23rd June. The uncertainty continue up to the choice of Prime Minister.

 

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