GBP/USD to see further dips below 1.20 in the coming months– Rabobank GBPUSD EURGBP Banks UnitedKingdom
EUR/GBP seen at 0.90 around the middle of the year “While EUR/GBP has dropped back from its recent highs, it remains in an ascending channel, and we retain our forecast for a move to 0.90 around the middle of the year.”
“On March 15, Chancellor Hunt is due to present his spring budget. Hunt has provided reassurances to the market that he will not be pulling any rabbits from the hat next month, given the need to reduce inflation. This may avoid any crisis for the gilt market, but it suggests the potential for little change in the prevailing economic gloom. This is likely to leave GBP on the back foot.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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