HSBC Says British Pound May Soar. Or Crash

  • Nothing is priced in, says Bloom at the country’s biggest bank
  • Sees sterling at $1.45 end of 2020 on Brexit deal, $1.10 no de
“The political outcome will determine the future of the currency,” HSBC’s David Bloom tells Bloomberg.(Source: Bloomberg)
Lock
This article is for subscribers only.

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

The outcome of Britain’s December election poses a binary choice for the nation’s currency and “anything can happen” at the polling stations, according to the largest U.K. bank.