![](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/piggy-bank-with-falling-coins-gm505796756-79269379_Large.jpg)
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
supportive risk backdrop in H1. We forecast GBP/USD at 1.25 by Q2.”