Economists at Deutsche Bank expect the EUR/USD and GBP/USD pairs to climb towards 1.10 and 1.25 by Q2, respectively.
USD to be on a sustained downward trend from here onwards
“The USD has further weakened since the start of 2023, and we expect it to be on a sustained downward trend from here onwards.”
“There is scope for the EUR/USD to catch-up to favourable energy and monetary policy developments and reach 1.10 by Q2.”
“Cable appears cheap and the high-beta cross should benefit from the more