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Pound seen diving to 30-year lows if Brexit comes to pass

Economists also do not see a rebound within 3 months of the June 23 referendum
Thursday, February 25, 2016 - 05:50

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The pound is already becoming a political football, slumping the most since 2010 on Monday after London Mayor Boris Johnson lent his support to the "Leave" campaign.

Edinburgh

A BRITISH exit from the European Union would be so devastating for the pound that 29 out of 34 economists in a Bloomberg survey see it sinking to US$1.35 or below within a week of a vote to leave - levels last seen in 1985.

Twenty-three of the economists say that sterling

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