EUR/GBP to advance gradually toward 0.89 over next six months – Rabobank EURGBP EURUSD Banks
in other currency pairs. Economists at Rabobank expect the pair to edge higher to 0.89 on a six-month view.“Despite the possibility of a greater amount of policy tightening from the BoE vs. the ECB, the pound is vulnerable vs. the EUR given UK’s weakness in business confidence, investment and growth.“EUR/USD may again dip below parity next year if gas prices soar again. This, however, would provide no comfort for GBP.
“We expect the process of peaking to be lengthy for the greenback with scope for potentially sizable dips for both EUR/USD and GBP/USD next year. For choice, we continue to expect a slow grind higher in the value of EUR/GBP to 0.89 on a six-month view.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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