EUR/GBP poll/forecasts
Dec 14th 2004, 2:54 pm
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EUR/GBP poll/forecasts
The following may be of interest to people needing/expecting to exchange EUR/GBP within the next year. It shows what the calculated cross rate for EUR/GBP at specific dates is expected to be(taken from latest the GBP/USD + EUR/USD Reuters survey - approx 55/58 major world Banks/Institutions etc)
Reuters Forex Poll ( 8 Dec 04)
........................ 1 Mth ................... 3 mth ................... 6 mth ....................... 12 mth
EUR/GBP-.....: 0.6923 (1.4445) ....... 0.6995 (1.4296)....... 0.7005 (1.4276).......... 0.7069 (1.4146)
Current Spot Price: 0.6910 (1.4472)
GBP seems to be expected to weaken/fall for the next year!..... But what do us "FX Professionals" know! .....Good Luck
Cheers
Reuters Forex Poll ( 8 Dec 04)
........................ 1 Mth ................... 3 mth ................... 6 mth ....................... 12 mth
EUR/GBP-.....: 0.6923 (1.4445) ....... 0.6995 (1.4296)....... 0.7005 (1.4276).......... 0.7069 (1.4146)
Current Spot Price: 0.6910 (1.4472)
GBP seems to be expected to weaken/fall for the next year!..... But what do us "FX Professionals" know! .....Good Luck
Cheers
