What's the outlook for GBP/USD from Q2 in the direction of year-end? Right here is their view, courtesy of eFXdata: Barclays Analysis adopts a cor
What’s the outlook for GBP/USD from Q2 in the direction of year-end?
Right here is their view, courtesy of eFXdata:
Barclays Analysis adopts a core bullish bias on sterling and runs a flat profile for GBP/USD at 1.40 from Q2 in the direction of year-end.
“We count on sterling to stay robust, marginally outperforming USD and appreciating towards EUR over the forecast horizon. A strong financial restoration, spurred by the speedy vaccination effort and fueled by beneficiant fiscal stimulus ought to assist GBP,” Barclays notes.
“We additionally assume the BoE will stay on maintain all through 2021, sustaining its accommodative stance, however the BoE isn’t more likely to be involved by a strengthening GBP, in our view, as it should possible replicate stable financial development,” Barclays provides.
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