The Brexit deal has been shunted to the sidelines, due to the current COVID-19 crisis. Still, Brexit will have a significant impact on the British pound. What is the outlook for EUR/GBP? Here is their view, courtesy of eFXdata: Societe Generale research discusses GBP outlook and notes that Sterling looks cheap around current levels especially against the EUR. “Brexit represents a negative productivity shock, but IF the EU and UK negotiate a sensible trade deal, the shock will not be that great and the UK’s GDP growth isn’t likely to be lower than the Eurozone’s over time. In the next two or three years, the UK has the potential, thanks to an aggressive fiscal reaction, to grow faster than the Eurozone,” SocGen notes. “Bold fiscal action will soften the economic impact of the Covid-19 pandemic and should support sterling.  If  there were a sensible UK/EU trade deal in place, this Budget might have made us think EUR/GBP would head to 0.80 or below. Even with the ongoing uncertainty, sterling’s cheap at these levels,” SocGen adds. For lots more FX trades from major banks,  sign up to eFXplusBy signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next USD/JPY: Japanese data does not lift the yen FX Street 2 years The Brexit deal has been shunted to the sidelines, due to the current COVID-19 crisis. Still, Brexit will have a significant impact on the British pound. What is the outlook for EUR/GBP? Here is their view, courtesy of eFXdata: Societe Generale research discusses GBP outlook and notes that Sterling looks cheap around current levels especially against the EUR. "Brexit represents a negative productivity shock, but IF the EU and UK negotiate a sensible trade deal, the shock will not be that great and the UK's GDP growth isn't likely to be lower than the Eurozone's over time. In the next… 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.