'Brexit' Debate Is No. 1 Euro Threat for Top Currency Forecaster
- Risk of fractured EU to wipe out first-quarter gain: BayernLB
- Yet it predicts June vote will prevent Fed from raising rates
The Impact of ‘Brexit’ on U.K. Businesses
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For the top currency forecaster of the past quarter, the next three months will be all about the looming vote on Britain’s membership in the European Union.
Not only will the “Brexit” debate weigh on the pound, it will also wipe out the euro’s biggest quarterly advance in five years, according to Bayerische Landesbank. The German lender topped Bloomberg’s major-currency rankings for a second consecutive quarter by successfully predicting the euro’s fortunes versus peers including the yen, Swiss franc and Swedish krona.