What is the forecast for GBP/USD? Here is their view, courtesy of eFXdata: MUFG Research maintains a structural bullish bias on GBP/USD but warns that the latest developments on COVID variant may pose downside risks. “Broad-based US dollar weakness has seen cable trade above the 1.4000-level for the longest period since April 2018. The pound has shown little reaction to the UK government’s recent concern over the spread of the new Indian COVID variant in the UK. Prime Minister Boris Johnson has already warned that it could potentially delay the final phase of re-opening planned for 21st June,” MUFG notes. “Our bullish outlook for the pound is based on the assumption that the UK economy will bounce back strongly, so we will need to monitor the latest COVID developments closely as they potentially pose downside risks,” MUFG 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 NZD/USD slides to fresh session lows, around 0.7215 area FX Street 6 months What is the forecast for GBP/USD? Here is their view, courtesy of eFXdata: MUFG Research maintains a structural bullish bias on GBP/USD but warns that the latest developments on COVID variant may pose downside risks. "Broad-based US dollar weakness has seen cable trade above the 1.4000-level for the longest period since April 2018. The pound has shown little reaction to the UK government's recent concern over the spread of the new Indian COVID variant in the UK. Prime Minister Boris Johnson has already warned that it could potentially delay the final phase of re-opening planned for 21st June," MUFG notes.… 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.
