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Rabobank Mark End '24 Forecast Lower

EURGBP

Rabobank write “if the ECB can contain inflation going forward, a weaker EUR could be helpful in supporting the reforms needed to boost the competitiveness of the EU. The BoE appears to be on a longer journey to push inflation back to target, which MPC member Haskel recently linked to the UK’s tight labour market.”

  • “We have tweaked our EUR/GBP forecasts in favour of the pound and see scope for EUR/GBP drifting back to the 0.84 area towards the end of next year, down from a previous forecast of 0.87.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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