‘Don’t bank on rally for sterling’

Don’t bank on a sustained rally for sterling if the UK votes to remain in the EU.

That’s the view of an increasing number of strategists and investors who point to other reasons for the UK currency to stay weak, including the UK’s record current-account deficit and speculation interest rates will stay low for the foreseeable future.

The pound has already fallen more than 3% against the dollar this year amid doubts about Britain’s membership of the world’s largest single market.