This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay Elam’s last analysis Key quotes “We look for leveraged players to rebuild shorts, as no-deal Brexit risks move back into focus. Moreover, with the scale of the potential correction in Q2 GDP likely to be greater than other comparative markets, due to the slower exit from the lockdown, sterling could temporarily trade below our 1.20 June-end target.” “While the BoE is mindful of reviewing its effective lower bound, we would not expect, under current circumstances, the bank to determine that negative rates would benefit the UK economy. However, we could see the bank adopt further easing measures, such as an additional £100bn of QE.” “Q3 20: 1.24 | Q1 21: 1.30” 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: SNB looking to contain Swiss franc action FX Street 3 years This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay Elam's last analysis Key quotes “We look for leveraged players to rebuild shorts, as no-deal Brexit risks move back into focus. Moreover, with the scale of the potential correction in Q2 GDP likely to be greater than other comparative markets, due to the slower exit from the lockdown, sterling could temporarily trade below our 1.20 June-end target.” “While the BoE is mindful of reviewing its effective lower bound, we would not expect, under current circumstances,… 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.