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Brexit
We monitor how the EU referendum and possible Brexit will influence exchange rates
With evidence mounting that the Remain camp is gaining advantage in the battle for the UK public’s allegiance ahead of the 23rd June vote we have noted the pound stage an impressive short-covering rally.
Research suggests that the potential impact on the value of pound sterling from a vote to leave the UK remains a concern for the UK public ahead of the June 23rd EU referendum.
The UK Treasury has revealed what they believe to be the “immediate economic impact of leaving the EU” which cites a negative shock to both jobs and the pound sterling exchange rate complex.
The pound to euro exchange rate could fall back to levels last seen in 2011 over the course of coming months warns a leading international payments provider.
EUR/GBP may remain steady in April due to seasonal effects, however, Brexit inspired volatility could push the pair above 0.80 in the run up to the referendum.
The pound could fall by as much as 15.0% in the event of a Brexit, but such a devaluation could help rather than hinder the recovery, according to economists Roger Bootle and Jonathon Loynes.