Brexit unlikely to affect sterling’s reserve currency status

No-deal scenario could put major downward pressure on the currency

Sterling exposure: the currency’s weakness has not triggered a fundamental rethink among reserve managers

The economic instability created by the UK’s departure from the European Union is unlikely to affect sterling’s popularity as a reserve currency, analysts tell Central Banking.

On January 15, the House of Commons rejected a draft agreement by the UK government and the EU, leaving the Brexit process highly uncertain.

It is still unknown how aligned the UK economy will be with the common market, if at all, and when Brexit will take place. Even remaining in the EU is not impossible at this point

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: