Reports say that the Pound could weaken further against the USD based on the following expectations.
1. Lower interest rates - The Bank of England will cut interest rates to contain the economic fallout form the referendum
2. Capital outflows - British property investors are selling their investments and three real estate funds have halted withdrawals amid the turmoil. M&G Investments has stopped trading in a GBP 4.4bn fund, following similar announcements from Standard Life Investments and Aviva Investors.
1. Lower interest rates - The Bank of England will cut interest rates to contain the economic fallout form the referendum
2. Capital outflows - British property investors are selling their investments and three real estate funds have halted withdrawals amid the turmoil. M&G Investments has stopped trading in a GBP 4.4bn fund, following similar announcements from Standard Life Investments and Aviva Investors.