It has been discussed in the market for months the possibility of GBP/USD reaching parity. ING economists believe that the pair could break below 1.00 this year.
EUR/GBP may make a move towards March 2020 high at 0.95
“At this point, we think the UK authorities will probably have to let sterling find its proper level. The UK has a reserve currency so it can always issue debt – it’s just a question of the right price.”
“We remain bullish on the dollar this year, as the Fed leads the deflationary charge and global growth slows. That means GBP/USD is now vulnerable to a parity break later this yearwhile – quite unexpectedly – EUR/GBP may make a move towards March 2020 high of 0.95, with external risk to 2008 high of 0.98.“
Source: Fx Street
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