It was only nine months ago when there were calls for another referendum, and threats from other parts of the United Kingdom to leave the UK if Brexit happens, for example from Scotland. The problem investors around the world are faced with is if tomorrow’s event will provide a catalyst for a further sterling sell-off which took a nose dive on the day of the Brexit referendum outcome. ThinkMarkets- Chief Market Analyst, Naeem AslamWhy market participants are thinking that there is more downside for sterling? The reason is that it took three years for Iceland to leave the EU and nearly nine years for Switzerland to leave the EU. Therefore, the element of surprise is not there and it may not bring any significant moves to the market.

Source: Forbes March 28, 2017 13:46 UTC