GBP to $1.06 by year-end on Brexit - Deutsche Bank - RTRS

According to the latest report by Deutsche Bank, Sterling will fall sharply this year to as low as $1.06 against the dollar, as the process of Britain leaving the European Union damages UK growth.

Key quotes (via Reuters)

• GBP could fall towards parity with the euro
• That would represent a fall of around 15 percent against both the dollar and euro
• We do not see sterling (currently) fully pricing a hard Brexit outcome
• Combined with limited adjustment in the UK's current account deficit and slowing growth, we see further downside and forecast $1.06 in by year-end