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Danske Bank changed 3-month forecast for EUR/GBP
Analysts at Danske Bank expect the European Central Bank to raise its benchmark interest rate in April by 25 percentage points. The Bank of England, in their view, is less likely to raise the interest rates as the UK economy is too fragile. British central bank may keep the borrowing costs at the current 0.5% level until August.
As a result, the specialists cut their 3-month forecast for pound versus euro from 0.86 to 0.89. The pair EUR/GBP rose from 0.8280 on January 10 to 0.8680.