Reuters poll: GBP to fall to $1.17 in next 12 months if Brexit negotiations turn fractious

According to a Reuters poll of foreign exchange strategists:

• Sterling seen at $1.24 in one month, 1.22 in three mths, 1.22 in six mths, 1.23 in 12 mths (vs $1.23, 1.21, 1.20, 1.21 March poll)
• EUR/GBP seen at 86.0 pence in one month, 87p in three mths, 88p in six mths, 88p in 12 mths (vs 85, 86, 86, 87p March poll)
• Range of views on GBP trading in next 12 months is $1.10-$1.50
• GBP to fall to $1.17 in next 12 months if Brexit negotiations turn fractious, according to median view
• GBP to rise to $1.30 if Brexit negotiations go smoothly, according to median view