EUR/GBP: One-month forecast revised to 0.86 from 0.87 – Rabobank EURGBP BOE Banks
Measured against the EUR, the Pound has inched higher to levels last seen in December last year. Economists at Rabobank have revised their GBPIf the market begins to assess that the Bank may have to push the economy into recession into order to push CPI inflation back to 2%, GBP could begin to falter despite the higher rate environment.
We have revised our one-month EUR/GBP forecast to 0.86 from 0.87. However, we still see risk of EUR/GBP 0.90 on a 12-month view.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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