Goldman Sachs: If Britain leaves the EU, the pound could fall by 20%

Forex strategists of Goldman Sachs noted that the pound will likely remain vulnerable to June, when it will be hold a referendum on Britain's membership of the European Union. Analysts predict that over this period the currency may retreat with about 3% - 4% against the euro.

However, in case of Brexit, it's not excluded, that EUR/GBP would fall by 20% by June 2017 and even reach parity.