Deutsche Bank out with a latest GBP forecast 23 March

  • sees GBPUSD down to 1.0600 by year-end
  • could fall towards parity vs euro
  • Brexit-related hit to UK growth

Reuters reporting.

In a 45 page report DB ccy analysts state:

"We do not see sterling currently fully pricing a hard Brexit outcome. Combined with limited adjustment in the UK's current account deficit and slowing growth, we see further downside"

GBPUSD currently 1.2498 and EURGBP 0.8628 both in the middle of the day's ranges so far as the jury remains out. Great two-way business to be had at the moment for both bulls and bears.

Doesn't say whether it's a straight line from here or after a spike/short squeeze which some are touting but my bearish views are well known here and I will continue to sell/job GBP rallies (worked again yesterday and today) until otherwise persuaded.

See you all tomorrow, and I hope we're continuing to help make/save you a few pips along the way.