HSBC and Goldman Sachs predict big falls for Pounds Sterling across the board

Safe haven currency Pound sterling is under pressure as Brexit news, Sterling has experienced an extremely difficult last few weeks with rates to buy US Dollars at their lowest level in 7 years and a 14 month low to buy Euros with Pounds. And safe haven currency USD more powerfully against pounds sterling, pounds sterling also weakens against emerging market currencies such Indonesia Rupiah and Malaysia Ringgit

What exactly happened, This has been caused by a number of recent factors but arguably the underlying weakness for Sterling is mainly down to the uncertainty of the upcoming referendum due to take place on June 23rd. The big day will held for the next decision of Brexit

Accoding to Boris, The announcement last weekend that London Mayor Boris Johnson had chosen to join the Leave campaign has sparked fears that his vote could be very influential to many others over the next few months.

There will be huge event and have a great effects, HSBC and Goldman Sachs have both predicted big falls for Sterling across the board by as much as 20% and usually it can be systematic damage for forex market and hard turbulence for safe haven currency pairs GBP/USD

As reported from Reuters, next on Monday the Eurozone announces key inflation data which is likely to have an impact on the ECB's next monetary policy meeting due to take place on 10th March. Could be have an impact for EUR and GBP

European union is still struggling to increase inflation level, Low inflation is a big worry for the ECB and in order to combat the problem we could see more QE take place which could actually weaken the single currency if that's the course of action that the ECB implement. And of course March could potentially be one of the most volatile months for Sterling exchange rates in a long time owing to the Brexit issue and the potential for QE. EUR will be more volatile as ECB decision