Analysts at investment bank Goldman Sachs foresee the euro rallying to parity against the pound on disorderly “no-deal” Brexit. The market is currently pricing a 40%-45% chance of the “no deal” outcome, as noted by popular analyst Holger Zscahepitz.
The investment bank expects EUR/GBP to fall back to 0.87 on the base case “deal” scenario.
EUR/GBP is trading near 0.9250, having risen by 3.87% last week. The pound came under pressure last week on renewed Brexit tensions.
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