However, Deutsche Bank is predicting that the pound sterling will fall down to close to parity with the US dollar and the euro. But FX markets do wander about quite a bit so Deutsche could be right here:Deutsche Bank has predicted the pound will fall to as low as $1.06 against the dollar due to Brexit. That would represent a fall of around 15 percent against both the dollar and euro. The bit that's not quite right in that report is the "gloomy" bit. In its 45-page report on the possible consequences of Brexit, the bank said: “We do not see sterling (currently) fully pricing a hard Brexit outcome.

Source: Forbes March 26, 2017 09:45 UTC