11 Jan 2016
Sterling headed to 1.4000 before 1.4700 - Nomura
FXStreet (Guatemala) - Analysts at Nomura offered forecasts in Sterling.
Key Quotes:
"We still expect EUR/GBP to undercut 0.70 this year, and EUR/GBP depreciation is likely to accelerate in Q4 as Brexit uncertainty disappears and the BoE starts hiking. At the same time, we expect GBP to trade with greater volatility from end-Q2 to Q3.
The GBP/USD forecast path is now lower and we see a possibility of GBP/USD testing 1.40 in mid-2016, while we expect GBP/USD to trade at 1.47 by end-2016, slightly higher than the current spot."
Key Quotes:
"We still expect EUR/GBP to undercut 0.70 this year, and EUR/GBP depreciation is likely to accelerate in Q4 as Brexit uncertainty disappears and the BoE starts hiking. At the same time, we expect GBP to trade with greater volatility from end-Q2 to Q3.
The GBP/USD forecast path is now lower and we see a possibility of GBP/USD testing 1.40 in mid-2016, while we expect GBP/USD to trade at 1.47 by end-2016, slightly higher than the current spot."