© Dukascopy Bank SA
|
What performance do you expect from the British Pound versus its major counterparts in Q2 2016?
For the second quarter I would imagine that Pound will probably come with sustained pressure, as it had a bit of retrieved risk of it due to the pressure of the Dollar. However, I believe the uncertainty over the Brexit issue is going to be the key question over the second quarter. Moreover, as we have seen in many occasions in recent times, when there is more and more uncertainty then the Pound suffers. I suppose that we unlikely to be at position where it can be more certainty about it, and I think the Pound will probably suffer further.
What will be the main drivers of the Sterling in Q2 of 2016?
As I said earlier, the principle driver for the Sterling would be the possible Brexit scenario and uncertainties over that topic.
What are your forecasts for EUR/GBP and GBP/USD the same period?
I think the Euro versus the British Pound has been funding currency as of late, and I believe there is lot of uncertainty. I suppose we are going probably not see it too far from where it is right now, I would say around 1.10. Talking about the Cable over the second quarter it would be around 1.38 levels.