EUR/GBP to tick back below the 0.87 level in the weeks ahead – Rabobank

Market news

13 November 2023

EUR/GBP to tick back below the 0.87 level in the weeks ahead – Rabobank

Economists at Rabobank analyze GBP outlook against USD and EUR.

Potential for further downside risks to Cable

In view of downside risks to global growth, we expect the USD to remain well supported in the coming months as subdued levels of risk appetite underpin safe-haven assets. This suggests potential for further downside risks to Cable.

However, we see scope for EUR/GBP to move back below the 0.87 level on the back of weak German economic data and our house view that the Eurozone may already be in a technical recession.

USD/JPY: Position for a trading range 145-150 from now until Q1 2024 – TDS

EUR/USD Price Analysis: Next on the downside appears 1.0640

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