Goldman, Deutsche Bank say Pound plune is just getting started

by | July 7, 2016 5:29 pm

After falling to a 31-year low Wednesday, sterling may sink another 7 percent to 11 percent this year in the aftermath of the U.K.’s Brexit vote, according to Goldman Sachs Group Inc., Deutsche Bank AG and Citigroup Inc. The currency will weaken to $1.20 on expectations the Bank of England will cut interest rates to…

This content is for Standard & Premium Digital Subscribers only.
Log In Subscribe