Goldman Sachs: Pound sterling to drop by 25%

Exchange rate at 1.2160 USD/GBP expected to decrease by 25% up to 0,9120

Baku. 17 October. REPORT.AZ/ The pound GBP/USD could find itself down as much as 25% against the dollar by year’s end.

Report informs citing the, Market Watch financial news said referring to Goldman Sachs' bank report. Thus, the dollar is likely to be sold more expensive than the pound. So right now, exchange rate at 1.2160 USD / GBP expected to decrease by 25% up to 0,9120.

The analysts gave five reasons why sterling could fall further, as the U.K. works on leaving the European Union following the country’s June 23 Brexit vote.

Here below are their reasons: more negotiations negativity ahead, gloomier economic data, policy makers won’t help, U.S. rate rise in December, it’s seen 25% drops before.

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