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- JPMorgan expects a fall in pound against the euro with 3%
JPMorgan expects a fall in pound against the euro with 3%
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Loading...The market will face levels recently seen in 2017 against the euro, as Brexit's security is not secured.
Strella will most likely end at 92 pence per euro by the end of the year, about 3% lower than current and last year 21 months ago, compared to JPMorgan Chase & Co. option market when the house price is against the first part of the same year.
The pound collapsed against the euro in that quarter, with the risks against the currency being sold. This leads to reflection on skepticism regarding Bank of England's position on interest rates. With global plants slowing down, traders are already beginning to assess the chances of lowering interest rates in the UK next year.
"The pound has another place to fall," said Timothy Graf, head of EMEA's Macro Environment at State Street Bank & Trust. "BoE says too bold things that are meant in any other place."
Source: Bloomberg Finance L.P.
Graphs: Used with permission from Bloomberg Finance L.P.
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