#EURGBP @ 0.84345 -imp levels: to rise towards 0.86 on a six-month view – Rabobank
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Both the euro (EUR) and the British pound (GBP) have lost over 12% vs. the US dollar (USD) in the year to date. Economists at Rabobank expect the EUR/GBP pair to hover around the 0.84 area in the near-term but a move towards 0.86 is on the horizon.
“We retain our forecast that EUR/GBP will hold around 0.84 on a one-to-three-month view.”
“For choice, we are forecasting a move to 0.86 on a six-month view, but how the eurozone copes this winter will be a strong determinant of whether the EUR can pull back some ground vs. GBP in the months ahead.”
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