GBP/USD Likely To Go Even Lower On A Three Months View, Rabobank Says


Analysts at Rabobank speculate that the GBP/USD pair may crash even lower, trading as low as 1.14 on a 1 to 3-month perspective. Furthermore, these analysts warn that the scenario assumes another break below parity for EUR/USD.

In their words, “The Bank of England’s forecast of recession underpins the vulnerability of the pound going forward. The warnings on growth over-rode any support for the currency that may otherwise have been derived from the Bank’s 50 bps rate hike, the largest incremental move in 27 years. The UK is facing months of astoundingly high inflation levels faced by a period of disinflation during potentially 5 quarters of negative GDP growth. In politics, Liz Truss, the favorite to win the Tory party leadership race, continues her charm offensive aimed at Tory party members who will choose the next UK PM in September. Her policies, however, are not necessarily in line with investors’ needs. We see a risk that cable could print as low as 1.14 on a 1 to 3-month view. This assumes a continued period of broad-based USD strength.”

“We recently reined back our 3-month forecast for EUR/GBP to 0.84 from 0.86. That said, on the assumption that EUR/USD faces another break below parity on a 1 to 3-month view, we see scope for cable to head to 1.14.”

This Post Has 4 Comments

  1. sklep online

    Wow, marvelous weblog structure! How lengthy have you ever been blogging for?
    you make blogging look easy. The total look of your website is fantastic,
    as well as the content material! You can see similar here ecommerce

  2. Szpiegowskie Telefonu

    Szpiegowskie telefonu – Ukryta aplikacja śledząca, która rejestruje lokalizację, SMS-y, dźwięk rozmów, WhatsApp, Facebook, zdjęcie, kamerę, aktywność w Internecie. Najlepsze do kontroli rodzicielskiej i monitorowania pracowników. Szpiegowskie Telefonu za Darmo – Oprogramowanie Monitorujące Online.

  3. Śledź telefon

    Najlepsza aplikacja do kontroli rodzicielskiej, aby chronić swoje dzieci – potajemnie tajny monitor GPS, SMS-y, połączenia, WhatsApp, Facebook, lokalizacja. Możesz zdalnie monitorować aktywność telefonu komórkowego po pobraniu i zainstalowaniu apk na telefonie docelowym.


    Wow, marvelous blog layout! How lengthy have you ever been running a blog for?
    you made running a blog glance easy. The whole look
    of your website is great, as neatly as the content! You can see similar here najlepszy sklep

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.