GBP/USD looks attractive, odds of disorderly Brexit meaningfully lower – Goldman Sachs

Dhwani Mehta FXStreet

According to the analysts at the US investment banking giant, Goldman Sachs, the odds of a damaging no-deal Brexit are lower, which makes the sterling look attractive at current levels.

Key quotes (via Reuters)

“Odds of a damaging no-deal Brexit are “meaningfully lower” than the market is implying.”

“The market was pricing 40%-45% odds of Britain ending its post-Brexit transition period without reaching a free-trade agreement with the European Union.”

“The UK government was aware how damaging a no-deal outcome would be to the economy.”

“For investors willing to look through some near-term volatility, current levels for sterling longs now look attractive, in our view.”

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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