• Pound Sterling could fall by 10-15% - Savings

Market news

24 June 2016

Pound Sterling could fall by 10-15% - Savings

British pound sterling due to the exit of Great Britain from the EU (Brexit) could lose 10-15 percent, and world markets waiting period of turbulence, although in Russia it will be reflected to a lesser extent due to less dependence on capital flows, said director of the center of macroeconomic Sberbank Yulia Tseplyaeva.

"The pound will fall in price vs the major currencies by 10-15% in the medium term, Britain will lose a few percentage points of GDP growth for the UK obvious economic benefits not defeated populism", - Said in a statement Savings Bank representative.

"All markets are waiting for turbulence, but oil prices have a fundamental influence: less dependence on capital inflows, the less influence from Brexit" - said Tseplyaeva.

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