The British Pound remains the second-best performing G10 currency on a one-month view after the safe-haven Japanese Yen. Economists at Rabobank target the EUR/GBP pair at 0.88 on a three-month view.

0.90 target pushed further away

“Whilst the lineup of UK fundamentals is not great, it is better than the market had been expecting. In our view, this will push the EUR/GBP 0.90 target further away.”

“We have pared back our EUR/GBP forecasts and expected the pair at 0.88 on a three-month view.”