Brexit vote anniversary: Caution on sterling in face of 'gigantic uncertainty'

Risks from the Brexit talks

Market commentators are divided on whether sterling is an attractive investment following its turbulent year since the UK voted to leave the European Union on 23 June 2016, with many taking a cautious stance amid continued uncertainty.

After hitting a year-high on the day of the Brexit vote, sterling tumbled 13% from $1.48 to $1.29 in the aftermath, a 31-year low. Then in October 2016, the pound suffered a flash crash which sent it plummeting another 6% to $1.149 in a matter of minutes, and failed to fully recover afterwards. Since then, the currency began to rise when Prime Minister Theresa May first outlined plans for a Brexit, providing some much needed clarity, but hopes for a more certain future were soon dashed after she failed to deliver a majority in the General Election, causing another 2% drop for the poun...