In the latest client note, analysts at JP Morgan have revised down their forecasts for EUR/USD and GBP/USD for this year, in the face of weaker Eurozone economic prospects, coronavirus risks and post-Brexit trade deal uncertainty. Key Quotes (via Bloomberg): EUR/USD end-2020 forecast lowered to 1.11 from 1.14. A fall to 1.08 possible during the year. Investor confidence in Europe especially susceptible to coronavirus impacts. Euro-area economy has been unduly sensitive to other global shocks. GBP/USD year end forecast now seen at 1.30 versus 1.33 previous. Q1 forecast lowered to 1.27 from 1.32. GBP beholden to an uncertain set of negotiations. Will inevitably create noise and the risk of intermittent downside. FXStreet Indonesian Site – new domain! Access it at www.fxstreet-id.com 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 Ripple Market Update: XRP/USD range-bound between $0.29 resistance and $0.29 support FX Street 2 years In the latest client note, analysts at JP Morgan have revised down their forecasts for EUR/USD and GBP/USD for this year, in the face of weaker Eurozone economic prospects, coronavirus risks and post-Brexit trade deal uncertainty. Key Quotes (via Bloomberg): EUR/USD end-2020 forecast lowered to 1.11 from 1.14. A fall to 1.08 possible during the year. Investor confidence in Europe especially susceptible to coronavirus impacts. Euro-area economy has been unduly sensitive to other global shocks. GBP/USD year end forecast now seen at 1.30 versus 1.33 previous. Q1 forecast lowered to 1.27 from 1.32. GBP beholden to an uncertain set of… 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.
