- Analytics
- News and Tools
- Market News
- GBP/USD: Calls for parity may begin to emerge – TDS
GBP/USD: Calls for parity may begin to emerge – TDS
The forecast of 1.11 for cable now looks to be in need of re-examination, in the opinion of economists at TD Securities who believe that markets need to consider how non-trivial a move to parity for GBP/USD may be.
Higher new range for EUR/GBP within 0.90-0.92
“With the UK proposing to blow up its budget deficit, a weakening balance of payments backdrop should keep downside pressure on the currency.”
“Our year-end forecast of 1.11 for cable is now at risk of looking too high and we will not be surprised if calls for parity begin to emerge.”
“EUR looks better situated, for now, versus GBP. The move above 0.88 sets the stage for a higher new range bound by 0.90-0.92.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
