GBP/USD: Brexit deal to lift the cable towards 1.40 by year-end – Standard Chartered
|Economists at Standard Chartered think the market is too downbeat on the potential for a Brexit deal and forecast GBP/USD at 1.40 by year-end and EUR/USD at 1.16.
Key quotes
“We think the market is too downbeat on the potential for a ‘good’ outcome: a deal or extension of the transition period.”
“We forecast GBP/USD at 1.40 at year-end based on a good outcome (and EUR/USD 1.16).”
“In a ‘bad’ outcome – no deal - we could see both GBP and EUR trade to 1.10 versus the USD (and hence EUR/GBP to parity).”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.