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Thomson Reuters
Jan 31 - 01:24 PM
GBP/USD: 1.50 On 'No Brexit', 1.40 On 'Soft Brexit', 1.20 On 'No-Deal Brexit' - SocGen
First appeared on eFXplus on Jan 31 - 12:05 PM

Societe Generale Research discusses GBP/USD outlook in light of the possible Brexit outcome.

"UK/EU negotiations are going to look like a game of poker for the enxt few weeks and the fear is that the UK has worse cards and a less adroit player holding them," SocGen notes. 

For the sake of simplicity, we think ‘no Brexit' could get GBP/USD to 1.50, ‘soft Brexit' could get it to 1.40 and no-deal could get it to 1.20," SocGen adds. 

Source:
Société Générale Research/Market Commentary

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