In their latest client note, analysts at Goldman Sachs recommend going short on the EUR/GBP cross amid increased expectations of the Brexit resolution. Key Quotes: “Go short EUR/GBP with target 0.82 and stop at 0.88. Reasons – Progress towards Brexit resolution. Higher degree of confidence on the UK’s fiscal policy than almost anywhere else. Both major parties are effectively committed to higher government spending. However, near-term risk is a hung Parliament which would extend the Brexit uncertainty further and may even prompt BoE rate cuts ahead.” 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 GBP/USD technical charts: Failed breakout vs impending golden cross FX Street 3 years In their latest client note, analysts at Goldman Sachs recommend going short on the EUR/GBP cross amid increased expectations of the Brexit resolution. Key Quotes: "Go short EUR/GBP with target 0.82 and stop at 0.88. Reasons - Progress towards Brexit resolution. Higher degree of confidence on the UK's fiscal policy than almost anywhere else. Both major parties are effectively committed to higher government spending. However, near-term risk is a hung Parliament which would extend the Brexit uncertainty further and may even prompt BoE rate cuts ahead." 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.
