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- EUR/GBP to march forward as sterling faces some headwinds – Danske Bank
EUR/GBP to march forward as sterling faces some headwinds – Danske Bank
EUR/GBP has been volatile but GBP has seen support. In the opinion of economists at Danske Bank, the scope of sterling strength has likely come to an end – and they see risks skewed to GBP weakness.
A hit to global risk sentiment could hit GBP
“We are having a hard time seeing a much stronger GBP with fragile risk sentiment and the aggressive BoE pricing and possibly increasing Brexit risks in 2022.
“We keep our 12M target for EUR/GBP unchanged at 0.84.”
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