The British Pound (GBP) was the second best performing G-10 currency in 2023. The EUR/GBP cross ended the year around 0.8670. Rabobank economists analyze the pair's prospects.
Market consensus expects EUR/GBP to rise this year
Market consensus sees EUR/GBP rising this year, but there are signs that analyst pessimism about the Pound's prospects has taken hold.
The lack of optimism regarding the British pound and the British economy has been more than justified in recent years, but the German economy has fared worse since the pandemic.
While it remains difficult to paint a clearly optimistic picture of the outlook for the GBP, we see scope for EUR/GBP to decline to 0.84 12 months ahead, partly due to the poor positioning of the German economy.
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.
