Pound Judgment Day Means Either Drop To 30-Year Low Or 5% Rally

(Bloomberg) June 24 will be a day of superlatives for the pound, whichever way Britain votes.

The day after next week’s referendum on European Union membership, the pound will either sink to the lowest level in more than three decades or climb toward the highest this year, according to a Bloomberg survey of economists. Most see a drop below $1.35 if Britons decide to leave the bloc on June 23, while the median estimate following a victory for the status quo is for it to jump to as high as $1.50.

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