We are currently in the middle between Q1 and Q2, which means that only the forecasts of Commerzbank and Citigroup for the moment are in the right direction.
From the forecast figure, we see that the time around the end of Q2 or around June is the pair's peak expectations in the most optimistic forecasts, but the median average is at levels around 1.25.
The amplitudes in the expectations about the cost of investment banks are very high, indicating uncertainty in forecasts and uncertainty at future levels.
Expectations are for increase in the GBP / USD volatility as the UK elections approach, and the likelihood of a decrease due to the greater number of banks' negative expectations.
Стефан Димов Ангелов - Head of Stocks Trading
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