Brexit Impact On British Pound Sterling

Brexit impact on value of British pound sterling: With a potential “Brexit” approaching, Goldman Sachs says regardless of the outcome the British pound sterling will be a “fashionable” and “actionable” currency in 2016. This isn’t the first time this has happened, and a price pattern has emerged over time, with such a “fashionable” event occurring five times since the 2008 financial crisis. Brexit impact: Two price probability paths for British pound sterling There are two probability paths for the pound, with a Brexit impact weighing heavy: either the U.K. exits the European Union or it remains. Both of these fundamental…