- EUR/GBP to edge back towards the 0.86 area in the weeks ahead – Rabobank
Market news
6 November 2023
EUR/GBP to edge back towards the 0.86 area in the weeks ahead – Rabobank
Economists at Rabobank expect the economic headwinds facing Germany to rein in upside potential for the EUR/GBP pair.
Levels above 0.87 seen as selling opportunities
While a weak UK Q3 GDP report could encourage GBP bears, in view of the headwinds facing the German economy, we see the potential for EUR/GBP to drop back below the 0.87 level in the weeks ahead.
We view levels above 0.87 as selling opportunities and expect EUR/GBP to edge back towards the 0.86 area in the weeks ahead.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page