Goldman Sachs targets GBP/USD at 1.19 in 6-months

<p class="western" align="left"> This is via the folks at eFX. </p><p class="western" align="left"> For bank trade ideas, <a href="https://ift.tt/ZhCpE5I" target="_blank">check out eFX Plus</a>. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. <a href="https://ift.tt/ZhCpE5I" target="_blank">Get it here</a>. </p><ul><li>Goldman Sachs changes its bias on GBP, and now targets EUR/GBP at 0.88, and GBP/USD at 1.19 in 6-months.</li><li> "We no longer look for idiosyncratic GBP weakness, as investor sentiment on the fiscal side has improved meaningfully, and are updating both our 6- and 12-month EUR/GBP forecasts to 0.88 (from 0.89 and 0.90 previously) but keep our 3-month forecast unchanged at 0.89 because BoE dovishness could continue for a bit longer," GS notes.</li><li> "We would consider turning even more positive on GBP if we became confident in a revised approach from the BoE," GS adds.</li></ul> This article was written by Eamonn Sheridan at www.forexlive.com.

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