Goldman Sachs recommend short EUR/GBP citing progress towards Brexit resolution (and more)

Goldman Sachs also have a higher degree of confidence on the UK's fiscal policy than almost anywhere else

(ps. from a GS note from late last week)

• "Both major parties are effectively committed to higher government spending"

Near-term risk is a hung Parliament which would extend the Brexit uncertainty further and may even prompt BoE rate cuts ahead.

Recommends short EUR/GBP

• target 0.82
• stop at 0.88