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GBP Q2 2021 Fundamental Forecast

GBP Q2 2021 Fundamental Forecast

GBP Q2 2021 Fundamental Forecast of clients are net short. Long News 2021-04-15 09:00:00 Nick Cawley, Strategist Fundamental Analysis: Vaccination Program Provides Real Hope for the Future The first quarter of 2021 turned out along the lines of our Q1 report. The British Pound rallied towards GBP/USD 1.4200, slightly higher than our expectations, before dropping back to 1.3700. In mirror, EURG/GBP hit a low of 0.8535, just below our 0.8600-0.8800 projected band. Looking ahead to Q2, Sterling should remain better-bid and underpinned at least at current levels, while further upside will likely be more of a struggle, and a longer process, than last quarter’s rally. There are potential roadblocks ahead in Q2 but the British Pound is well positioned to move further ahead even if others want to rein the UK back.

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