Comments and forex-analytics from FBS Brokerage Company - page 67
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
BMO Capital Markets: GBP/USD forecast for 2011-2012
British pound has been trading within a downside channel versus the greenback: it fell August 19 the maximum at $1.6618 to the levels in the $1.6100 zone.
Currency strategists at BMO Capital Markets believe that GBP/USD will keep declining during the next quarters.
The specialists think that sterling will trade in the $1.6200 region during the third quarter and then hit $1.5800 by the end of the year. According to BMO, in the first 3 months of 2012 the pair will reach its lowest point at $1.5500 and then start rising to $1.5700 in the second quarter, $1.6100 in the third and $1.6400 in the final quarter of the next year.