The British pound is 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 in a three-month view.
“While the lineup of UK fundamentals is not great, it is better than market expectations. In our view, this will push the EUR/GBP 0.90 target further away.”
“We have lowered our EUR/GBP forecast and expect the pair to be at 0.88 on a three-month view.”
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