- Analytics
- News and Tools
- Market News
- Pound Sterling to reclaim a little ground vs. the Euro this year – Rabobank
Pound Sterling to reclaim a little ground vs. the Euro this year – Rabobank
EUR/GBP offered below 0.8600. Economists at Rabobank analyze Pound Sterling’s outlook.
High debt levels will limit the scope for spending
Relatively slow growth and high debt in the UK are not a good combination for a new government. The lessons learnt from the Truss debacle have highlighted that the markets have no tolerance for unfunded spending commitments and stressed the importance of budgetary prudence. This should narrow scope for spending giveaways after the election and potentially reduce the likelihood that GBP is undermined by political upheaval.
We continue to expect the GBP to reclaim a little ground vs. the EUR this year and retain our forecast of EUR/GBP 0.8400 by year-end.
© 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
