The expected difference in economic performance between the UK and the rest of Europe, combined with the positive seasonality for the pound in April, led Credit Suisse’s team of analysts to revise the EUR / GBP target from 0.8450 to 0.8400 downward. .
Key statements:
“Unfortunately for the EU, the impression of petty negativity towards the UK only causes a further loss of confidence in its ruling political class which many feel should really focus on playing its own vaccination game right. This only adds to the reasons for downgrading the EU’s animal spirits and, by extension, the EUR’s prospects. “
“We note that April tends to be a seasonally positive month for the British pound, which many link to the dividend payments of UK companies in that month, many of which have overseas operations and are therefore repatriated. funds to make these payments. Typically, the strength of the British pound in April is reversed by weakness in May. But for now, matches our current view giving one more reason to expect EUR / GBP to hit our new target of 0.8400 in April. “
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
.jpg "Miley Cyrus likes to amaze her audience: Something Beautiful’s review"){kind=small}
