Analysts at CIBC forecast the GBP/USD pair at 1.23 during the third quarter and at 1.26 in the fourth. They do not expect the Bank of England to introduce negative interest rates. Key Quotes: “A rising tide of job losses as government support is progressively withdrawn risks an economic disappointment and Sterling remaining on the defensive. While we do not expect the BoE to sanction negative rates, the fact that 3m Libor has traded below the base rate since early July shows that investors remain wary of rate cuts ahead.” “The countdown to Brexit at year-end continues and an agreement remains far from certain. Although one of the red lines, regarding the role of the European Court of Justice, seems to be have been clarified, fishing rights and level playing field criteria remain unresolved. Expect the discussions to stretch into Q4. Only when right up against the deadline can we expect a deal and the Sterling relief it will provide.” 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 US Senate majority leader McConnell: No bill will be put on floor without liability protection FX Street 3 years Analysts at CIBC forecast the GBP/USD pair at 1.23 during the third quarter and at 1.26 in the fourth. They do not expect the Bank of England to introduce negative interest rates. Key Quotes: “A rising tide of job losses as government support is progressively withdrawn risks an economic disappointment and Sterling remaining on the defensive. While we do not expect the BoE to sanction negative rates, the fact that 3m Libor has traded below the base rate since early July shows that investors remain wary of rate cuts ahead.” “The countdown to Brexit at year-end continues and an agreement… 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.
