Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Sterling to jump 4 percent if Parliament approves May's Brexit deal - JPAM

Sterling to jump 4 percent if Parliament approves May's Brexit deal - JPAM
FILE PHOTO: British Pound Sterling banknotes are seen in a counter machine at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger -
Copyright
LEONHARD FOEGER(Reuters)
Euronews logo
Text size Aa Aa

LONDON (Reuters) - Sterling will rise at least 4 percent if the UK's parliament approves Prime Minister Theresa May's Brexit deal in a vote scheduled for next week, J.P. Morgan Asset Management said on Wednesday.

Karen Ward, the fund manager's EMEA chief market strategist said the Bank of England could raise interest rates by 50 basis points by the year-end if a "no-deal" Brexit is avoided which would push sterling up five percent on a broad basis.

Sterling <GBP=D3> traded up half a percent at $1.2729 on Wednesday.

(Reporting by Sujata Rao; Writing by Tom Finn; Editing by Saikat Chatterjee)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.