UK SMEs expect Sterling to fall sharply after Brexit

Reuters latest survey of UK's small and medium-sized enterprises (SMEs) revealed that thirty-four percent of firms expect Sterling to fall by more than 10 percent after Brexit. Meanwhile, only 1 percent of firms see the British currency appreciating by 10 percent or more. 

Key points

• Eighteen percent of companies said they did not know how the currency would move after Brexit.
• nearly two-thirds said they were not doing anything to prepare for a weaker pound.