MOSCOW (Sputnik) — On Tuesday, The Times newspaper reported, citing leaked government papers that the United Kingdom might lose up to 66 billion pounds ($80.9 billion at the current exchange rates) in case of "hard Brexit" that would deprive the country of the access to the EU internal market. The concerns about such a scenario had a negative impact on the pound's exchange rate.
At the same time the GBP/EUR exchange rate is estimated at 1,104 compared to 1,105 at the last Tuesday rate.
On June 23, the nationwide referendum on EU membership was held in the United Kingdom, in which 51.9 percent of voters said the country should leave the bloc. UK Prime Minister Theresa May promised to start the procedure of leaving the European Union by the end of March 2017.