- Analytics
- News and Tools
- Market News
- GBP: Setting the sarge for major risk events in June - Credit Agricole
GBP: Setting the sarge for major risk events in June - Credit Agricole
eFXdata reports that Credit Agricole Research flags a key risk event for GBP in the month of June.
"Consistent with our Q220 FX forecasts, the GBP outlook has worsened sharply of late on the back of market expectations of further BoE easing (including negative rates) as well as persistent fears about a notrade-deal Brexit. The selling pressure should persist in our view especially if the BoE acts more decisively by expanding its QE programme more aggressively on 18 June and the EU and the UK fail to agree on extending the transition period at the EU summit on 18-19 June," CACIB notes.
"Our fair value analysis suggests that GBP/USD could slip to 1.20 or lower and EUR/GBP could rise to 0.92 or higher if no-trade-deal Brexit risks escalate in the coming months," CACIB notes.
© 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
