Expect more sterling weakness – BMO Capital Markets

Cable may drop to 1.28 in the coming six months, as political uncertainty remains after the referendum

brexit-shutterstock-417868516
Leaving pains: Sterling is likely to experience post-Brexit jitters

CLICK HERE TO VIEW THE PDF

Sterling is expected to weaken against the dollar for the rest of the year, as political uncertainty since the UK's vote to leave the European Union will continue to dominate foreign exchange movements, says BMO Capital Markets, which topped last week's currency forecast tables.

Stephen Gallo, European head of FX strategy at BMO Capital Markets, expects the pound to fall as low as $1.28 before the end of this year, from the $1.33 levels that cable hovered around a week

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 - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com 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

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: