Sterling to bounce back over the coming year - Reuters poll

The results of the latest Reuters poll showed that a majority of the foreign exchange strategists believe that the pound is set for a rebound over the coming year after the recent declines.

Key Findings:

“Trading around $1.36 on Wednesday, Cable will be at $1.37 in a month, $1.40 in six months and $1.42 in a year.

Those median forecasts in the May 3-9 poll of around 60 foreign exchange strategists are a touch weaker than the survey taken in April, suggesting most are clinging onto previous views despite the 7 cent-plus plunge over the last few weeks.

 There is only a median 20 percent chance of a disorderly Brexit, in which no deal is reached, a Reuters poll found last month.“