Goldman Forecasts Sterling Weakening to 85 Pence Per Euro in Three Months

Goldman Sachs Analysts Also Cut Sterling Forecast to $1.32 in Three Months from Previous $1.47, Recovering to $1.34 at Year End

Baml Also Cuts Euro Forecast to $1.05 from $1.08 Previously , and Dollar to 105 Yen from 110 Yen

*Chancellor Osborne: Britain Ready To Confront Future From Position Of Strength.

Bank of America Merrill Lynch Slashes Sterling Forecast to $1.30 at End of 2016 from Previous $1.59