EUR/GBP Forecast Poll
The EUR/GBP pair tells the trader how many British Pounds (the quote currency) are needed to purchase one Euro (the base currency). This is one of the most traded currency pairs. Since the European and British economies are massively intertwined (large amounts of capital are exchanged on a daily basis between the UK and all European countries), the pair tends to be relatively stable. But events and news related to the exit of Great Britain of the European Union in 2017 will probably affect the pair and create choppier movements than usual.
FORECAST FOR 2017
FXStreet’s contributors, surveyed at the end of December 2016, forecasts that this “politics-dominated cross” will be at 0,8350 by the end of 2017.
They call it a “politics-dominated” pair because 2017 is a year with several important milestones. First of them is obviously the implementation of the so-called Brexit.
ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE EUR/GBP
The organizations and people that affect the most the moves of the EUR/GBP pair are:
- Bank of England, known to be one of the most effective central banks in the world. It acts as the government's bank and the lender of last resort.
- European Central Bank whose main objective is to maintain price stability for the Euro. The ECB sets and implements the monetary policy for the Eurozone (including interest rates).
- The Prime Minister of Great Britain Theresa May, who took the leadership of the UK Government in July 2016 following the EU referendum, will stay under the spotlight as the person at the head of the “Brexit” negotiations between his country and the European Union.