EUR/USD: Year-end forecast stands at 1.00.

EUR/USD has moved below parity. While economists at ABN Amro expect the euro to remain under pressure, they expect the pair to end the year around parity. Lower safe-haven demand could result in a recovery of EUR/USD.“An energy crisis and a recession in the eurozone combined with a more aggressive path of rate hikes inContinue reading “EUR/USD: Year-end forecast stands at 1.00.”

GBP/USD may face further downside risks .

The GBP’s recent decline has been dramatic. Wider deficits and bigger debt burdens need to be financed by foreign inflows – which may require further FX adjustment, according to economists at HSBC. UK’s structural concerns dominate.“The UK’s public finance position (in terms of relative debt dynamics) is going to worsen materially in the year ahead.Continue reading “GBP/USD may face further downside risks .”

GBP/USD Price Analysis: On the rebound, BoE statement expected.

GBP/USD recovers early lost ground to an all-time low, though lacks follow-through. Bulls struggle to find acceptance above the 38.2% Fibo. level of the monthly downfall. The GBP/USD pair builds on its solid intraday recovery move from an all-time low and hits a fresh daily peak, around the 1.0930 region during the early North AmericanContinue reading “GBP/USD Price Analysis: On the rebound, BoE statement expected.”

GBP/USD: BoE to hike 75bps and pound to move lower and get close to record low .

The pound suffered on Friday the worst decline since at least March 2020, with.GBP/USD losing more than 300 pips.Analysts at MUFG Bank, remain bearish on the pound and point out the loss of confidence in GBP is becoming more concerning. Key Quotes: “We now expect the BoE to hike by 75bps on 3rd November; aContinue reading “GBP/USD: BoE to hike 75bps and pound to move lower and get close to record low .”