According to the latest Reuters poll of fifty analysts, conducted between June 1st and 6th, a majority of them expect the GBP/USD pair moving northwards heading towards Brexit next March.
Key Findings:
GBP/USD seen higher by 5 percent at $1.41 in 12 months versus $1.42 seen in May poll)
EUR/GBP seen at 88.0 pence in 12 months versus 88.3p in May poll.
In a month, Cable will be at $1.33 while at $1.35 in six months.
Analysts at ING noted: “Although more recent GBP-specific ebbs and flows have been driven by the sharp re-pricing of Bank of England policy expectations, we expect the focus for the pound over summer to shift back to Brexit politics.”
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