The pound is facing pressure from different fronts, which according to the Rabobank FX Strategy team is likely to pull the GBP/USD down to 1.1800 over the next months. Key quotes “Having been overwhelmed by Covid-19 related news in March and April, Brexit headlines have returned to the fore in recent weeks. A bout of bickering between UK and EU negotiators has elevated the risk that no free trade deal will be hammered out between the two sides in time to avoid a no-deal Brexit at the start of next year.” “If that wasn’t enough uncertainty for investors, political pressure has also been increasing on the government regarding its handling of the coronavirus crisis. “ “The combination of these factors leaves GBP very exposed and consequently we have revised down our GBP forecasts. We now target GBP/USD1.19 in 1 month and GBP/USD 1.18 on a 3 month view.” 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 EUR/CHF: Diminished risks of a breach of 1.05 – MUFG FX Street 3 years The pound is facing pressure from different fronts, which according to the Rabobank FX Strategy team is likely to pull the GBP/USD down to 1.1800 over the next months. Key quotes “Having been overwhelmed by Covid-19 related news in March and April, Brexit headlines have returned to the fore in recent weeks. A bout of bickering between UK and EU negotiators has elevated the risk that no free trade deal will be hammered out between the two sides in time to avoid a no-deal Brexit at the start of next year.” “If that wasn’t enough uncertainty for investors, political… 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.
