The chart shows the forecasts of some of the big banks about how EUR/GBP will develop. As you can see, moods are positive for the currency pair.
In white we can see the forecast of Bank of America Merrill Lynch. They expect that the pair will finish the year at a price of 0.92 and will reach 0.93 in the second quarter of next year.
The green is the forecast of Citigroup. The bank expects the pair's price to reach 0.92 in the 2Q of 2018.
JPMorgan Chase are pessimistic. They expect the pair to trade at a fall of around 0.89.
Lloyds Bank Commercial Banking is also positive for the pair and expects to be traded at levels around 0.92 by the end of the year and staying there until the 2Q of 2018.
Morgan Stanley are the biggest optimists among banks, expecting the pair's price to reach 1.01 by the end of the year. They then forecast a decline to 0.98 in the second quarter of 2018, which is also the highest forecast among major banks.
Junior Trader Stefan Panteleev
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