EUR/GBP forecast lifted to 0.90 – Danske Bank

Christin Tuxen, chief analyst at Danske Bank, points out that they have lifted their EUR/GBP forecast from 0.86 to 0.90 and expect a higher trading range of 0.86 (in the event of renewed optimism on Brexit) to 0.91 (further weakening of data and worsening of sentiment on Brexit).

Key Quotes

“In the coming months, (1) we are neutral to somewhat positive on politics but worry that (2) global appetite for credit-like risk will continue to worsen, (3) noticing that UK macro is now surprising on the downside and (4) that ECB passiveness is leading to broad EUR strength. In our view, factors 2-4 are likely to weigh on EUR/GBP.”

Articles You May Like

ForexLive Asia FX news wrap: EUR retested its overnight high
IG Trading – What To Be Aware Of (DON’T Be Fooled)
How to Day Trade in Forex For Beginners (Easy Step-By-Step Guide)
Gold Price Analysis: Limited gains below the $1730/oz level for XAU/USD
Forex Trading for Beginners – 20 PIPS & DIP INDICATOR (LIVE TRADING & RESULTS)

Leave a Reply

Your email address will not be published. Required fields are marked *