Guess someone is starting to buy into the dollar story now
The firm cuts its EUR/USD forecast to 1.24 from 1.28 previously, while the GBP/USD was cut to 1.41 from 1.45 previously. This of course are forecasts for the end of 2018 or Q4 2018.
Not much of a surprise as more and more firms have been scaling back on their EUR/USD forecast in recent times. JP Morgan did it last month here too. What else is new, eh?
Anyway, here are what the other firms are forecasting for EUR/USD in case you're interested (BNPP forecast still reflects the old one):
