GBP/USD: 1.50 on 'No Brexit', 1.40 on 'Soft Brexit', 1.20 on 'No-Deal Brexit' - SocGen

A simple look at the Brexit outcomes

Societe Generale Research discusses GBP/USD outlook in light of the possible Brexit outcome.

"UK/EU negotiations are going to look like a game of poker for the enxt few weeks and the fear is that the UK has worse cards and a less adroit player holding them," SocGen notes.

For the sake of simplicity, we think 'no Brexit' could get GBP/USD to 1.50, 'soft Brexit' could get it to 1.40 and no-deal could get it to 1.20," SocGen adds.

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