EUR/USD to climb back towards 1.10 by the end of March – SocGen EURUSD EURGBP Banks
EUR/USD is hanging in around 1.06. Economists at Société Générale expect the pair to move back higher toward 1.10 by the end of March. “We argued that a bit of risk aversion and wider credit spreads could take EUR/USD to 1.06 . Both went marginally further, and we could still see some wobbles in the days ahead but yield differentials should start to matter again and I expect we’ll be climbing back towards EUR/USD 1.10 by the end of March.
“As for Sterling, everything now depends on DUP support for the Windsor Framework. Some negotiation may be required, but if support is forthcoming, we might see EUR/GBP get back below 0.86.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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