Analysts at Standard Chartered see the GBP/USD pair could rise to 1.40 by year-end if the United Kingdom and the European Union strikes a deal. Their base case is for a Brexit deal. Key Quotes: “Almost halfway through the transition period, there is not much to show from UK-EU negotiations. Deadlines for reaching an agreement on financial services equivalence and extending the transition period have elapsed, and with COVID-19 still taking up much of the political and bureaucratic bandwidth of policy makers on both sides, time is tight for a new UK-EU trading arrangement to emerge by the year’s end.” “Even if a deal does emerge, we are looking at new trading frictions emerging in 2021, and in a no-deal outcome, the economic impact is likely to be more significant. From an FX perspective, 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. View All Post By FX Street FXStreet News share Read Next S&P 500 top movers: Energy stocks post strong gains on rising crude oil prices FX Street 3 years Analysts at Standard Chartered see the GBP/USD pair could rise to 1.40 by year-end if the United Kingdom and the European Union strikes a deal. Their base case is for a Brexit deal. Key Quotes: “Almost halfway through the transition period, there is not much to show from UK-EU negotiations. Deadlines for reaching an agreement on financial services equivalence and extending the transition period have elapsed, and with COVID-19 still taking up much of the political and bureaucratic bandwidth of policy makers on both sides, time is tight for a new UK-EU trading arrangement to emerge by the year’s end.”… 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.