GBP/USD to see another attempt back down to recent lows – Rabobank GBPUSD EURGBP Growth BOE Banks
“Textbooks suggest that the prospect of a more aggressive interest rate cycle from the Bank of England is a positive near-term factor for the pound. However, insofar as this would increase the likelihood of a hard landing for the UK, upside potential for GBP on more rate rises could turn out to be limited.”
“In anticipation of a July interest rate rise from the ECB, we see the potential for a gentle move towards EUR/GBP 0.86 into the summer, though upside potential in the currency pair is likely to be limited into year-end in view of recessionary risks faced by theInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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