Brexit would not benefit UK economy, City currency analysts agree

Not one single forex strategist believed Britain voting to leave the European Union in the 23 June referendum would benefit the UK economy, according to a new poll.

More than 86% of currency strategists polled by Reuters thought a Brexit would damage the economy and the remainder said it would not make much of a difference.

But the poll found the analysts were almost perfectly divided over whether a Brexit would lead to a sterling crisis, with just over half saying there would be and the rest disagreeing.

"It depends on the definition of what constitutes a crisis, but sterling has the capacity to drop sharply enough to create significant uncertainty about inflation and investment," Rabobank's Jane Foley pointed out.