forex trading outlook today gbp to usd forecast 2012 : Exchange rate forecasts out of UniCredit todays suggest the pound dollar exchange rate (GBPUSD) could be due a slip below 1.5 in 2012. The exchange rate forecast note from the bank says:
"Sterling will carry on suffering against the dollar in 1H12, as global risk aversion will keep the USD healthy and the BoE will continue its APP strategy due to new evidence of the bleak growth picture at home.
"A drop below 1.50 is even possible, taking into account cable’s PPP value of ca. 1.43. On the other hand, 2H12 should be more encouraging due to the less tense financial market environment we are expecting, but a still sluggish UK economy will dampen a cable rebound much above 1.60."
British Pound Rate Forecast 2012,GBP/USD predictions 2012, GBP/USD Exchange rate forecasts 2012
"Sterling will carry on suffering against the dollar in 1H12, as global risk aversion will keep the USD healthy and the BoE will continue its APP strategy due to new evidence of the bleak growth picture at home.
"A drop below 1.50 is even possible, taking into account cable’s PPP value of ca. 1.43. On the other hand, 2H12 should be more encouraging due to the less tense financial market environment we are expecting, but a still sluggish UK economy will dampen a cable rebound much above 1.60."
British Pound Rate Forecast 2012,GBP/USD predictions 2012, GBP/USD Exchange rate forecasts 2012
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