GBP is one major currency that has left many at the retail level perplexed, given the currency is moving higher despite fears of Brext. InvaTrust Consultancy's David Harris is in favor of accumulating pounds against USD and EUR at current levels since he believes Britons will prefer to 'remain' in EU. Harris also warned the pound could drop 15%-20% if UK exits EU.
On the contrary, GBP; which has been a weakest major currency in the first quarter; could turn out to be top performer in Q2-Q3 if 'In' vote scores a victory. Harris also advised viewers the referendums have altogether different voting pattern that general elections, and rightfully so since consequences of 'exit' are unclear.