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Mubasher: LONDON (Reuters) – The pound should fall sharply if the UK leaves the EU without agreement, a study predicted.
A Bloomberg Economics study on Wednesday revealed that with each 1% increase in the risk of ending bricast without agreement, the most likely pound sterling is expected to fall by 0.2%.
The data showed that if the UK left the EU without agreement, the pound would probably drop by around 13%.
The data suggests that if the risk of going out without an agreement from the EU falls to zero, the pound is expected to rise by 9%.
At 1720 GMT, the pound was up 0.5% against the dollar, to settle at 1.2212 dollar, on track to achieve its first rise in five days.
The British currency has fallen sharply in recent days, reaching its lowest level in 28 months against the dollar, concerns about the bricast only growing, the negotiations announced that the European Union should reopen negotiations or that the British would leave Britain without agreement.
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