#EURUSD @ 1.06832 to rise to 1.10 by Q2 – Deutsche Bank
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Economists at Deutsche Bank expect the EUR/USD and GBP/USD pairs to climb towards 1.10 and 1.25 by Q2, respectively.
“The USD has further weakened since the start of 2023, and we expect it to be on a sustained downward trend from here onwards.”
“There is scope for the EUR/USD to catch-up to favourable energy and monetary policy developments and reach 1.10 by Q2.”
“Cable appears cheap and the high-beta cross should benefit from the more
supportive risk backdrop in H1. We forecast GBP/USD at 1.25 by Q2.”
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