G10 forecaster of 2019: Rabobank

Sterling’s future is still very dependent on Brexit-related developments, the bank says

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Jane Foley: “If the trade talks do not go well, the UK government could still crash out of the EU without a deal”

The UK will strike a trade deal and EUR/GBP will trend lower to 0.83 by the end of 2020, in Rabobank’s view, but a bad start to trade talks between the European Union and its former member could result in fresh downside pressure on the pound as the market re-evaluates the risk of a no-deal Brexit, according to Jane Foley, senior FX strategist at the bank.

The UK had a general election on December 12, electing 650 new Members of Parliament. The new government’s decision on how, when and if the

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