Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 01 - 02:55 PM

GBP: Remains Undervalued; Targeting EUR/GBP In 1-Month - Danske

By eFXdata  —  Sep 01 - 01:30 PM

Danske Research discusses GBP outlook and targets EUR/GBP at 0.83 in 1-month.

"GBP remains fundamentally undervalued although Brexit still makes it difficult to estimate what the fair value for GBP is. Our Brexit corrected MEVA estimate for EUR/GBP is around 0.83; PPP estimate around 0.76," Danske notes. 

"We still expect EUR/GBP will trade lower in coming months, as we remain more upbeat on the UK economic outlook than the euro area. We also think a more hawkish Fed and BoE will support GBP. We target 0.83 in 12M," Danske adds. 

Source:
Danske Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!