In the year to date, the pound has gained ground versus both the US dollar and the euro. Economists at Rabobank forecast the EUR/GBP pair around the 0.89/0.88 area in the coming months while a return to the 0.87 level is not expected until later in the year. Key quotes “The forthcoming BoE meeting on February 4 may bring some additional colour to the inflation outlook in the UK, though for now, the market appears to be more confident that a negative Bank rate will be avoided.” “The fact that the UK’s lockdown could extent into March and given evidence that its rapid vaccine programme is still a way off from halting the pandemic in the country, we see scope for additional gains in the pound to be limited near-term.” “We retain our forecast that EUR/GBP is likely trade in the 0.89/0.88 region in the coming months and may not see a return to the 0.87 level until later in the year.” 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 USD/JPY clings to gains above mid-103.00s, upside seems limited FX Street 2 years In the year to date, the pound has gained ground versus both the US dollar and the euro. Economists at Rabobank forecast the EUR/GBP pair around the 0.89/0.88 area in the coming months while a return to the 0.87 level is not expected until later in the year. Key quotes “The forthcoming BoE meeting on February 4 may bring some additional colour to the inflation outlook in the UK, though for now, the market appears to be more confident that a negative Bank rate will be avoided.” “The fact that the UK’s lockdown could extent into March and given evidence… 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.
