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

Share: 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

0.8800 looks to be the risk this week – ING

Share: It is quite a big week for Sterling. Economists at ING analyze GBP outlook. Some independent weakness emerging There does appear to be a little independent weakness emerging in Sterling, although the Bank of England’s trade-weighted index is only off around 0.6% over the last few days. Quite a large 1.7% MoM

October low of 1.2037 will be the key support level – MUFG

Share: Economists at MUFG Bank analyze GBP outlook ahead of the BoE announcement on Thursday. Weak economic activity The worsening economic data has been clear and will likely be clearly acknowledged by Governor Andrew Bailey in the press conference. We see this inevitable acknowledgement of weaker data and some evidence that the labour

Ongoing GBP challenges into year-end – CIBC

Share: The BoE is likely done raising rates – and the combination of weak activity and a softening labour market will weigh on the GBP in the near-term, economists at CIBC Capital Markets report. The BoE is done but will leave the door ajar Having held rates in September, it appears that the

United Kingdom CFTC GBP NC Net Positions fell from previous £-6.7K to £-10K

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