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“Increasingly likely” Sterling would drop further in the event of a Leave vote, warns Bank of England

Thursday, June 16th 2016 - 23:36 UTC
Full article 6 comments

The Bank of England has warned that uncertainty about the EU referendum is the “largest immediate risk” facing global financial markets. The bank said there were “risks of adverse spillovers to the global economy” from the 23 June vote and it was “increasingly likely” that sterling would fall further - perhaps sharply - in the event of a leave vote, the Bank added. Read full article


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  • Voice

    The UK will be either in or out....
    Either way it's not the end of the world as we know it....
    Everyone is over reacting....
    People should vote based on how it will affect themselves and not listen to this scaremongering...

    Jun 17th, 2016 - 01:05 am - Link - Report abuse 0
  • Skip

    Markets and currencies go up and down for a myriad of reasons. There seems to be this meme that it will be a permanent drop should Brexit happen.

    Jun 17th, 2016 - 08:44 am - Link - Report abuse 0
  • ChrisR

    If the headless chickens who bet on the money market think they will lose money short term there will be a drop in the value of Sterling.

    However, the headless chickens make their money out of buying on dips and selling on 'highs', even a few cents movement will bring them racing back.

    I predicted some time ago that Sterling would be down to 1.4, it's almost there.

    Give it six months after a LEAVE win and it will be back above 1.5.

    IF the remain win I think it likely it will stay more of less where it is then, why would it move, what could possibly make it move when the likelihood is that the Euro will be forced onto the UK? This tome the UK government could not claim the public did not want if: they voted for the EU and ALL that means.

    The EU will be 17% behind the rest of the world (after 10 years) according to their own economists. That alone is a damn good reason to VOTE LEAVE!

    Jun 17th, 2016 - 06:01 pm - Link - Report abuse 0
  • Briton

    We have heard it all before,
    The Bank of England has warned
    they forgot to mention WW3 or the nasty aliens
    or was it the cybermen.

    Jun 17th, 2016 - 06:43 pm - Link - Report abuse 0
  • ElaineB

    All campaigning suspended today out of respect to Jo Cox.

    Jun 17th, 2016 - 09:09 pm - Link - Report abuse 0
  • Briton

    Tell that to the French politician who today said Britain would be as small as insignificant as Guernsey,

    or the unmighty IMF who also condemned the UK to disaster if we left,

    the LEAVE campaign said NOTHING today.

    Next Friday will be a very interesting day,
    Results time.

    Jun 18th, 2016 - 07:47 pm - Link - Report abuse 0

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