Home GBP/USD: Brexit deal to lift the cable towards 1.40 by year-end – Standard Chartered
FXStreet News

GBP/USD: Brexit deal to lift the cable towards 1.40 by year-end – Standard Chartered

Economists at Standard Chartered think the market is too downbeat on the potential for a Brexit deal and forecast GBP/USD at 1.40 by year-end and EUR/USD at 1.16. 

Key quotes

“We think the market is too downbeat on the potential for a ‘good’ outcome: a deal or extension of the transition period.”

“We forecast GBP/USD at 1.40 at year-end based on a good outcome (and EUR/USD 1.16).” 

“In a ‘bad’ outcome – no deal – we could see both GBP and EUR trade to 1.10 versus the USD (and hence EUR/GBP to parity).”

 

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.