Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

GBP/USD to return below 1.50?

EUR/GBP posted its largest monthly gain in August (+3.8%) since January 2013. A directional change or not? GBP resilience remains highly dependent on the BoE raising interest rates for the first time in Q1 16. 

UK wage growth has accelerated but can momentum be sustained? EUR/USD outperformance vs GBP/USD will continue as long as equity markets keep falling (UK 5.9% current account deficit vs EUR 2.3% current account surplus). In that case, a return towards 0.7600 cannot be ruled out.

"A change in the wording of the Brexit referendum is a negative for GBP over the medium -term. Voters will be asked whether Britain should remain a member of the EU or leave it. Polls favouring 'Euro in' could suffer as a result", says Societe Generale.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.