Economists at Rabobank retain a constructive view for the Pound Sterling (GBP) this year.
Economists at Rabobank retain a constructive view for the Pound Sterling this year. EUR/GBP to move lower toward 0.8400 in the latter half of this year On balance, we retain a modestly constructive picture for GBP vs. the EUR for the year ahead. This is supported by our house expectation that the BoE could retain steady policy until September. This compares with our forecast of rate cuts from both the ECB and the Fed in June.
We continue to forecast a move to EUR/GBP 0.8400 in the latter half of this year. We expect that the interest rate differential, signs of an improving UK economic outlook combined with the prospect of a dull UK election and a relatively stable political backdrop should provide moderate support for the Pound. We see Cable recovering to the 1.3000 area on a 12-month view, though we see scope for dips on a one-to-three-month view on bouts of broad-based USD strength.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD outlook: Cable surges to eight-month high after US labor dataCable accelerated to a multi-month high after US labor data added to Fed Powell’s dovish stance and strengthened expectations for the start of rate cuts, most likely in June.
Read more »
GBP/USD Forecast: Pound Sterling rebounds firmly on weaker US DollarFollowing a down week, the Pound Sterling (GBP) regained its lost footing against US Dollar (USD), with GBP/USD clinching the highest level in seven months near the 1.2900 mark.
Read more »
US Jobs Report to Guide US Dollar’s Outlook; EUR/USD, USD/JPY, GBP/USD SetupsThe February's U.S. jobs report is poised to inject a considerable amount of volatility into financial markets and may play a pivotal role in shaping the near-term trajectory of the U.S. dollar.
Read more »
US Dollar’s Bullish Bias Holds Steady; Setups on EUR/USD, GBP/USD, Gold PricesThis article delves into the outlook for EUR/USD, GBP/USD, and gold, shedding light on crucial price thresholds to monitor in the upcoming trading sessions.
Read more »
GBP/USD Forecast: Pound Sterling looks to extend the upswingThe Pound Sterling (GBP) booked the first weekly gain against the US Dollar (USD), snapping a five-week bearish momentum.
Read more »
US Dollar Forecast: US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY SetupsThis article explores the technical outlook for three major U.S. dollar pairs: EUR/USD, GBP/USD, and USD/JPY. In the piece, we also discuss potential market scenarios ahead of key U.S. PCE data.
Read more »