Goldman, Deutsche Bank say Pound plune is just getting started

Goldman, Deutsche Bank say Pound plune is just getting started

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…

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