Forex News


UK's Treasury: Brexit could cause the pound index to fall 12-15% Dhwani Mehta

11:46 23 May /2016 Forex

Following are the details of the UK Treasury report on the short-term impacts of Brexit.

Could push up jobless by 520k-820k

Could lower real wages by 2.8-4.0%

Could raise inflation by 2.3-2.7 PP

Budget deficit could rise 24-39bn

Would put tens of thousands of finance jobs at risk

EU vote has already pushed sterling lower

Treasury model assumes BOE keeps base rate unchanged

A Brexit vote would result in a marked deterioration in the economic security and prosperity

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