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16.04.2021 18:16

EUR/GBP to move lower again, eyeing 0.83 on a 12-month horizon - Danske Bank

FXStreet notes that the UK virus concerns and a bounce in the EUR recently brought EUR/GBP to the highest level since early March. Despite this recent increase in EUR/GBP, economists at Danske Bank remain bullish on GBP, as they continue to be more positive on the UK compared to EU.

“EUR/GBP has increased close to 0.87 since our last update after it briefly went below 0.85. We think this is a bump in the road and remain bullish on GBP, as we are still more upbeat on the UK than on the euro area.”

“We still forecast EUR/GBP will trade at 0.83 in 12M.”


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