Brexit: EU uncertainty overshadows sterling – ANZ

Brian Martin, Head of Global Economics at ANZ, suggests that the Sterling has come under heavy selling pressure as the debate on whether to remain in or leave the EU appears to be increasingly polarised.

Key Quotes

“Some senior cabinet ministers, the Mayor of London and up to 150 of 330 Conservative MPs are reported to be in favour of leaving.

Political uncertainty, the UK’s current account deficit and diminished expectations of rate rises are weighing on sterling.”