- Analytics
- News and Tools
- Market News
- GBP/USD will struggle to hold its recent gains – Rabobank
GBP/USD will struggle to hold its recent gains – Rabobank
The Pound has regained its position as the best-performing G10 currency in the year. Economists at Rabobank discuss GBP outlook.
Cable to edge lower toward 1.22 on a three-month view
On the assumption that UK economic data will show increased signs of stress in Q3, and given also our view that the USD will remain well supported in the coming months, we expect that Cable will struggle to hold its recent gains.
The risk for GBP is that further progressive rate hikes from the Bank significantly undermine the recently improved growth outlook.
We see scope for Cable to edge lower to GBP/USD 1.22 on a three-month view.
© 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
