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EUR/USD to rise to 1.10 by Q2 – Deutsche Bank

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.”

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FXStreet Insights Team

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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