NAB grabs top spot on pound weakness

Much of central bank policy for the foreseeable future is contingent on the results of this week's UK referendum

Key test: what will be the impact of the UK referendum on market stability?


National Australia Bank (NAB) came top of FX Week's 12-month forecast table on calls of a weaker pound ahead of the UK's vote on its membership of the European Union, but Gavin Friend, a senior market strategist at the bank, now says future movements will be highly dependent on central bank action.

While the US Federal Reserve held off on raising rates at its last meeting, Friend believes two hikes are still on the cards for this year, although this depends on the

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