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Headwinds seen for GBP, will be weaker than EUR in the year ahead

A note via Danske has a negative view for GBP, forecasting EUR/GBP to 0.88 on a 12 month time horizon,In brief, citing:looming debt problems in the UKThe UK government would have to start making significant reductions to the deficit and bigger reductions than what might take place in the euro area before we would start to turn less negative on GBP and we have a difficult time seeing how that could happen next year with elections coming up.UK economy to perform relatively worse than the euro area... Read More

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Posted: Oct 18 2023, 21:33

Author Name: forexlive

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