Back
12 Mar 2014
Flash: EUR/GBP seen at 0.8100 in three months - UBS
FXStreet (Córdoba) - The UBS analyst team changed its EUR/GBP forecast as they expect the euro to weaken in the near term.
Key Quotes
"We see the likelihood of a decent weakening of the euro in the very near time as being lower than thought before".
"Leaving GBP/USD forecasts unchanged, the change in EUR/USD translates directly into the EUR/GBP forecast, which we change at 0.81 in three months, from 0.79 previously, leaving six and twelve months unchanged at 0.78 and 0.77".
"The GBP/CHF forecast also changes to 1.52 in three months, from 1.56 previously, leaving six and twelve months unchanged at 1.58 and 1.60".
Key Quotes
"We see the likelihood of a decent weakening of the euro in the very near time as being lower than thought before".
"Leaving GBP/USD forecasts unchanged, the change in EUR/USD translates directly into the EUR/GBP forecast, which we change at 0.81 in three months, from 0.79 previously, leaving six and twelve months unchanged at 0.78 and 0.77".
"The GBP/CHF forecast also changes to 1.52 in three months, from 1.56 previously, leaving six and twelve months unchanged at 1.58 and 1.60".