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RBS: what to expect from GBP?

Strategists at RBS maintain a cautious view on the British currency. Despite the “No” Scottish vote, markets have no reasons to expect an earlier hate hike from the Bank of England.

The cable will remain a Fed-driven currency in the near term, analysts say. “We look for the USD uptrend to remain intact and hold to our 1.6000 or below year-end target for GBP/USD”, analysts explain.

As for the EUR/GBP, low ECB rates will stay a negative factor, pushing the cross lower over the coming year. 


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