Analysts at CIBC, expect the Pound to be trading higher against the Euro by the end of 2020, but they warn that a potential positive impact from a Brexit deal could be limited by the current account deficit. Key Quotes: “The outlook for growth in the UK has dimmed along with rising odds of a no-deal Brexit since Boris Johnson became Prime Minister, and Sterling has depreciated against its major European counterpart as a result. Our target for EURGBP still has sterling gaining ground against the euro by the end of 2020, given that our base case is that the UK avoids a hard Brexit.” “The upside for GBP is limited by the UK’s deepening current account deficit which is approaching a record level. Indeed, our 0.86 target for EURGBP by the end of 2020 is well above the average level seen since 2000.” 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 US Dollar Index technical analysis: DXY extends decline as the Fed might cut in September FX Street 4 years Analysts at CIBC, expect the Pound to be trading higher against the Euro by the end of 2020, but they warn that a potential positive impact from a Brexit deal could be limited by the current account deficit. Key Quotes: "The outlook for growth in the UK has dimmed along with rising odds of a no-deal Brexit since Boris Johnson became Prime Minister, and Sterling has depreciated against its major European counterpart as a result. Our target for EURGBP still has sterling gaining ground against the euro by the end of 2020, given that our base case is… 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.
