I’m just reading through some analysis from a major European investment bank who conduct a very thorough examination of all factors that affect the major currencies. Their conclusion; in three months time EUR/USD will be trading towards 1.15 and GBP/USD towards 1.3500.
I have no idea whether they are right or wrong but I like the fact that they haven’t changed their overall view and they don’t just jump on the latest bandwagon and suddenly get all bulled-up on the EUR and/or GBP.
