- Analytics
- News and Tools
- Market News
- EURGBP: Still keeping the three-month forecast at 0.89 – Rabobank
EURGBP: Still keeping the three-month forecast at 0.89 – Rabobank
According to analysts from Rabobank, Pound’s traders should be focused on the impact of the Autumn Statement and on UK PM Rishi Sunak's political abilities, over the coming days. They still see EURGBP moving toward 0.89.
Key Quotes:
“Some commentators have attributed yesterday afternoon’s modest rally in GBP vs. the EUR to reports that the EU was optimistic that a compromise could be struck on the protocol. However, during the Brexit process GBP tended not to react hugely to day-to-day N. Ireland related news. This may be a function of the complexity of the situation. Over the coming weeks we would expect GBP investors to be focused on the impact of the November 17 Autumn Statement, the ability of PM Sunak to hold the Tory party together, the outlook for UK growth/recession and BoE interest rates.”
“We would expect issues surrounding the protocol only to have a clear impact on GBP as any related deadlines approach. We are yet to be persuaded to alter our bearish view on the pound and maintain a 3-month forecast of EUR/GBP 0.89.”
© 2000-2025. 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
