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Old 24-12-2013, 14:05
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Default Re: Market news and trade recommendations by FBS

Credit Agricole: Q1 GBP forecasts

GBP/USD

GBP/USD to weaken to $1.6200 in the stronger USD environment. Britain's officials will try to talk the pound down in Q1 2014.



Chart. Weekly GBP/USD

EUR/GBP

As for EUR/GBP, the pair is expected to fall towards 0.8200 by end-March. Pound will gain some ground vs. the euro on a wave of EUR sales.


Chart. Weekly EUR/GBP
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