Strategists at Rabobank view rallies as selling opportunities and see downside risk to the GBP/USD 1.19 target. Key quotes “Given the scale of the economic crisis that Britain is entering into, it may be wise for investors to keep an open mind as to monetary policy developments over the next year or so in the UK and beyond. The fact that the money market continues to price in a dip into negative rates suggests they are doing just that.” “Brexit risks and criticism of the government on its handling of the Covid-19 crisis suggest the potential for further pressure for the pound. We see downside risk to our longstanding target of GBP/USD 1.19.” 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 WHO’s Tedros: Risk from virus remains high and we have a long road to travel FX Street 2 years Strategists at Rabobank view rallies as selling opportunities and see downside risk to the GBP/USD 1.19 target. Key quotes “Given the scale of the economic crisis that Britain is entering into, it may be wise for investors to keep an open mind as to monetary policy developments over the next year or so in the UK and beyond. The fact that the money market continues to price in a dip into negative rates suggests they are doing just that.” “Brexit risks and criticism of the government on its handling of the Covid-19 crisis suggest the potential for further pressure for… 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.
