Economists at Credit Suisse discuss British Pound (GBP) outlook.
GBP/USD to target 1.3000 and EUR/GBP 0.8450 near term
We think GBP will continue to benefit from supportive yield differentials and are not subscribers to the view that it should be sold due to either negative real rates in the United Kingdom or because the economy could eventually suffer a major slump.
We continue to target GBP/USD 1.3000 and EUR/GBP 0.8450 near term.
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