UK – Brexit? Don’t bet on itReport Date: 9th June, 2016
Although the polls continue to suggest the UK’s in/out referendum is too close to call, we maintain the view that the electorate will comfortably vote to ‘remain’ part of the European Union. In that case, the pound would strengthen by around 4-5% against the US dollar and gain a more modest 2-3% against the euro.
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