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Large banks forecasts for GBP / USD development by the middle of 2018

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The graph shows the forecasts of some large banks on how GBP / USD will develop. As you can see, the moods are mixed.

In green we can see the forecast of Citigroup. The bank is expecting a drop in the pair to Q1 of 2018. And a price of 1.28, but a reversal of the trend and reaching 1.29 in the second quarter of next year.

In white is the forecast of Bank Of America Merrill Lynch, which shows the bank expects a decline to the end of the third quarter and a rise in the fourth quarter. Their forecast for the second quarter of 2018. Is the price to reach 1.28.

In blue, we can see the expectations of JPMorgan Chase. They are most positive, expecting the price in the second quarter of 2018. to reach 1.33. According to them, by the end of the year the pair will trade at levels around 1.29.

The orange line shows Lloyds Bank Commercial Banking forecast. A decline to Q4 is expected in 2017, but will reach 1.31 in the second quarter of 2018.

Morgan Stanley is the most pessimistic about the pair, expecting a decline to 1.23 to Q2 by 2018.

Junior Trader Stefan Panteleev


 Varchev Traders

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