EUR/GBP: SCOPE FOR DIPS TOWARD 0.85 ON A SIX-MONTH VIEW – RABOBANK
Over the past five days, the Pound is the second best performing G10 currency after the NZD. Economists at Rabobank analyze GBP outlook.
GBP to find a little additional support in the coming months
We continue to expect the EUR/GBP pair to be drawn to the 0.86 level on a one-to-three-month view and see scope for dips toward 0.85 on a six-month view on the expectation that rate cuts from the BoE over the coming cycle will lag those from the ECB.
We continue to favour selling rallies in EUR/GBP.
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