GBP to fall nearly 3% if parliament rejects Brexit deal – Reuters poll

According to the results of the latest Reuters poll of economists, a majority of them believe that the British currency, the GBP, is poised for a 2.75% fall should the parliament reject the Brexit deal.  

Key Findings:

The EU-UK free trade agreement is the most likely outcome of Brexit talks.

Chance of disorderly Brexit holds steady at 25%.  

Bank of England to raise bank rate by 25 basis points to 1.00% in Q2 2019 (same as November poll).

UK economy to expand 1.5% in 2019; 2020 (unchanged from November poll).

Only one of 77 economists polled expects a change in UK bank rate from 0.75% on December 20.

Sterling would gain 3.5% if Brexit deal is passed by parliament; fall 2.75% if rejected.