What is the outlook for the British pound in the near-term? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses GBP outlook and flags a scope for downside risks in the near-term. “We have turned more cautious on the GBP given the lingering political (eg, “indyref2″) and economic risks (eg, a Covid-induced double-dip recession) in the UK. We believe that the risks for the GBP are tilted to the downside in the near-term, especially if the health situation in the UK continues to deteriorate,” CACIB notes. “The data calendar should remain relatively light with only the industrial and manufacturing production data for November on the docket,” CACIB 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 US Dollar Index extends the recovery beyond 90.00, looks to yields FX Street 1 year What is the outlook for the British pound in the near-term? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses GBP outlook and flags a scope for downside risks in the near-term. "We have turned more cautious on the GBP given the lingering political (eg, "indyref2") and economic risks (eg, a Covid-induced double-dip recession) in the UK. We believe that the risks for the GBP are tilted to the downside in the near-term, especially if the health situation in the UK continues to deteriorate," CACIB notes. "The data calendar should remain relatively light with only the industrial… Top 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.
