A few GBP/USD forecasts - quite a wide range

Author: Eamonn Sheridan | Category: News

Collating some cable projections (comments via Bloomberg ) for end 2020

MUFG:
  • forecast from GBP is end-year 1.34
  • does not see Brexit risks flaring back up again any time soon: "That is a key component as well on why the pound is stabilizing at higher levels" 
DZ Bank:
  • year end forecasts is 1.24
  • "The EU will not begin negotiations with the U.K. before the end of February, which leaves preciously little time to negotiate a free-trade agreement" "Our base-case scenario is still that there will be some form of agreement by the end of the year, but it's likely to be a very last minute agreement, so the relief rally won't happen before the very end." 
TD:
  • end 2020 1.40
  • after some near-term weakness
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