This week, the EUR/GBP has paid little attention to the news related to Northern Ireland. The Rabobank economists maintain a six-month forecast of 0.90.
The UK undertone remains sour
“While this week’s news offers a glimmer of hope for the prospects for the Northern Ireland protocol and therefore for an improvement in investor sentiment, as it stands the background in the UK remains sour. “.
“As long as UK fundamentals continue to be characterized by recession, high inflation, low investment growth and weak productivity, we continue to expect EUR/GBP to approach 0.90 on a six-year outlook.” to nine months. That being said, we will continue to closely monitor the evolution of the protocol on Northern Ireland.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
