The UK negotiations with the EU will again draw attention and weigh negatively on the GBP, which leads economists at Danske Bank to forecast EUR/GBP at 0.90 in 1-6 months. Key quotes “We expect the BoE to keep policy rates unchanged. That said, deputy governor, Ben Broadbent has not completely ruled out cutting into negative territory. The new governor Bailey has hinted that the BoE may increase its QE program, in line with our expectations.” “We expect GBP to weaken driven by further Brexit tensions, especially ahead of the decisions on a possible extension of the transition period, financial services, and fishing before 1 July. We probably need to get close to the year-end deadline before a trade deal is reached.” “We see EUR/GBP at 0.90 over 1-6M, followed by a move towards 0.86 on a trade deal in 12M.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/CHF: Short-term trend seems to be shifting higher – Credit Suisse FX Street 3 years The UK negotiations with the EU will again draw attention and weigh negatively on the GBP, which leads economists at Danske Bank to forecast EUR/GBP at 0.90 in 1-6 months. Key quotes “We expect the BoE to keep policy rates unchanged. That said, deputy governor, Ben Broadbent has not completely ruled out cutting into negative territory. The new governor Bailey has hinted that the BoE may increase its QE program, in line with our expectations.” “We expect GBP to weaken driven by further Brexit tensions, especially ahead of the decisions on a possible extension of the transition period, financial services,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
