EUR/GBP: Brexit to strength euro in the short-term – Danske Bank
20.02.2020, 13:23

EUR/GBP: Brexit to strength euro in the short-term – Danske Bank

FXStreet notes that Brexit uncertainties remain, and the Bank of England still looks set to cut rates in 2020. Economists at Danske Bank expect British pound weakness in the next months. 

“We do not think the renewed optimism will last long, as Brexit uncertainty remains high. At this point, we cannot rule out a no deal Brexit resulting from the EU and the UK failing to strike a permanent trade agreement by the end of the year. Despite the renewed optimism, we think businesses will remain hesitant to restart investment projects, and thus expect growth to remain sluggish in 2020.”

“We maintain a pessimistic view on the economic outlook and thus expect a rate cut later this year, probably in May. Investors are pricing in an 84% probability of a cut before year-end (and 35% by May). Another repricing of a BoE cut would be GBP negative.”

“In the very near term, we do not see many drivers moving GBP in either direction. As we get closer to the BoE meeting in May and the EU-UK trade talks’ decisions in June, we expect EUR/GBP to move higher on the back of a rate cut and Brexit fears. Eventually, our base case is a simple EU-UK trade agreement, which will strengthen GBP again. We forecast EUR/GBP at 0.85 in 1M, 0.86 in 3M, 0.89 in 6M and 0.84 in 12M.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik