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Sep 08 - 10:55 AM

EUR/GBP: Mild GBP Upside Likely N-Term - Danske

By eFXdata  —  Sep 08 - 10:00 AM

Danske Research sees a scope of GBP strength on the crosses in the near-term.

"Yesterday, news broke on newly elected PM Liz Truss large fiscal stimulus package estimated at around GBP 200bn (5,7% of yearly GDP). The package is set to include a cap on household energy bills, energy aid to businesses as well as tax cuts," Danske notes. 

"Although we still widely consider the cross a range play for the coming months, we see some upside to GBP in the near term with the outlook of substantial fiscal easing," Danske adds. 

Danske Research/Market Commentary


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