GBPUSD to sink towards 1.06 over coming months – Rabobank
The British Pound remains under heavy selling pressure. Economists at Rabobank expect GBP to remain vulnerable in the coming months.
EURGBP to climb to 0.90 on a six-month view
“By the time the BoE next meets, it is likely that recessionary conditions in the UK economy will be even more apparent. This suggests that there are no guarantees that GBP will react well to higher rates in view of the huge headwinds facing the outlook for growth.”
“While GBP is no longer caught up in the unnecessary crisis triggered by a poorly timed and thought-out mini-budget, based on the UK fundamental backdrop we continue to describe the Pound as vulnerable, as we have done for many months.”
“We maintain our six-month GBPUSD 1.06 forecast.”
“We see potential for EURGBP to climb to 0.90 on a six-month view.”
Reprinted from FXStreet_id,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.