Reuters Poll: GBP/USD seen at 1.1500 after Article 50 is triggered

According to a latest poll conducted by Reuters on the price outlook for the GBP in the upcoming months, a majority of the forex strategists saw cable falling to 1.1500 on the commencement of the Brexit process by March 2017.

Key Findings from the Survey:

GBP/USD seen falling to 1.1500 after Article 50 is triggered

GBP/USD 1.2200 in 1 month, 1.2100 in 6 months, 1.2300 in 12 months vs 1.28,1.27 and 1.27 in previous poll last month

32 of 39 forex strategists polled say sterling won't reach parity with euro

Some of those polled saw potential for GBPUSD at parity