Standard Chartered Private Bank: Medium-term upside for GBP

28 March 2019 | 1 minute read

Standard Chartered Private Bank sees near-term risks for the GBP due to uncertainty over Brexit but also a medium-term upside for the currency. “Near-term uncertainty around Brexit may keep volatility elevated over the coming week, but should a ‘no-deal Brexit’ be avoided, we believe GBP/USD could retest levels around 1.3380-1.3405,” the bank predicted. “We expect further upside over the medium…

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