The British pound continues to come under pressure in the foreign exchange market, with leading financial institutions such as MUFG and Danske Bank providing analysis on the pound and maintaining a negative view on its prospects against the euro.
Both banks predict further depreciation of the GBP/EUR pair, citing fundamental weaknesses in the British economy and global economic challenges.
MUFG: Expected to decline to 1.13
Japanese bank MUFG remains with its negative forecast for the pound Sterling. MUFG analysts expect that the GBP/EUR pair may fall to1,13. This forecast is supported by an analysis of recent events in the European foreign exchange market.
At its last meeting, the European Central Bank (ECB) left its key interest rate at2,00%. Важно отметить, что, по информации из источников, близких к центральному банку, ожидается, что ставка останется без изменений и на сентябрьском заседании. Это означает, что ЕЦБ, вероятно, продолжит свою текущую монетарную политику, что может оказать поддержку евро. В то время как Великобритания сталкивается с собственными экономическими вызовами, стабильная политика ЕЦБ может сделать евро более привлекательным для инвесторов.
Danske Bank: Fundamental vulnerabilities and global risks
The Danish bank Danske Bank also takes a pessimistic position regarding the pound sterling. The bank predicts a decline in the GBP/EUR exchange rate to1,1240over the next 6-12 months. The main reason for this forecast is the fundamental vulnerability of the British national currency, aggravated by global economic problems.
Danske Bank emphasizespersistent UK balance of payments deficit. Этот хронический дефицит делает фунт стерлингов особенно уязвимым к любым колебаниям в притоке капитала. В условиях глобальной неопределенности и возможного оттока капитала из развивающихся рынков, Великобритания может столкнуться с дополнительным давлением на свою валюту, если приток иностранного капитала замедлится или изменит направление.
What does this mean for investors and businesses?
Forecasts from reputable banks such as MUFG and Danske Bank indicate that the pound may continue to lose ground against the euro. this can Have a number of consequences:
- For uK exporters:A weaker pound makes British goods and services cheaper for eurozone buyers, which could boost exports.
- For uK importers:Imported goods and services will become more expensive for UK businesses and consumers, which could lead to higher inflation.
- For investors:Investors holding sterling assets may face losses in dollar or euro equivalents. Those considering investment in the UK may face higher currency risks.
- For tourists:Travel from the eurozone to the UK will become more expensive, while travel from the UK to the eurozone will become more profitable.
With continued uncertainty in global markets and UK-specific economic challenges, investors and businesses should closely monitor developments and consider sterling analysis when making their financial decisions.