EUR/GBP to move back towards 0.87-0.88 over the coming 12 months – Danske Bank EURGBP BOE InterestRate Growth Banks
In the near-term, we expect the GBP momentum to continue and the cross to trade around the 0.86 figure. However, we believe it is only a question of time before the gap between surprise indices closes and markets will scale back on BoE rate hike expectations.
We do not see the global investment environment nor the relative growth outlook to create a significant divergence between EUR and GBP. We thus expect the cross to move back towards 0.87-0.88 over the coming 12 months.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/GBP seen higher later this year as the hot UK inflation story cools – INGEUR/GBP continues to trade offered. Economists at ING analyze the pair’s outlook. A hawkish ECB provides some pushback to the BoE pricing At least a h
Read more »
EUR/GBP to consolidate into tomorrow's UK CPI – INGEconomists at ING discuss GBP outlook. UK 2-10 year Gilt curve is now the most inverted since 2000 The UK 2-10 year Gilt curve is now the most inverte
Read more »
EUR/NOK: Too early to position for sustained move lower – Danske BankEconomists at Danske Bank analyze EUR/NOK outlook. Upward sloping profile for EUR/NOK in the coming months In the near-term NOK will be very sensitive
Read more »
USD/CAD: The balance of risk is skewed to the topside from here – Danske BankEconomists at Danske Bank share their USD/CAD forecast. Relative growth outlook between the US and Canada favours a higher cross We still think the ba
Read more »
EUR/GBP: Rate-driven Sterling rally increases the chance of a test of parity in next couple of years – SocGenSterling is 2023’s top G10 currency. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes EUR/GBP outlook. EUR/GBP might stay below 0.
Read more »
EUR/GBP hangs near YTD low, holds above 0.8500 as traders await UK CPI and BoE this weekEUR/GBP hangs near YTD low, holds above 0.8500 as traders await UK CPI and BoE this week – by hareshmenghani EURGBP BOE Inflation ECB Currencies
Read more »