This by way of the parents at eFX.
Goldman Sachs maintains a bearish bias on GBP/USD into year-end.
- “This week will current an additional check for Sterling, because the Financial institution’s momentary buy program expires and policymakers appear prone to sign that at the very least for now they nonetheless count on to start winding down the stability sheet on the finish of the month,” GS notes.
- “General, we expect the momentary Sterling energy was principally as a consequence of some aggressive, short-term Sterling demand, whereas over the following few months macro fundamentals and a tough coverage combine are prone to lead the Pound again to the lows. We preserve our 3m GBP/USD forecast of 1.05,” GS provides.
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