Tuesday, January 8, 2013

Forex: HSBC bullish on EUR/GBP in 2013

Forex: HSBC bullish on EUR/GBP in 2013

HSBCAnalysts at HSBC expect British pound to weaken substantially during 2013. Among the factors negative for GBP the specialists name signs of slippage on fiscal targets, negative effects caused by fiscal austerity and sub-par GDP growth in 2013.

The possibility of UK losing its top credit rating is high enough: UK deficit is among the largest in Europe. Read more