Goldman Sachs with a trading idea to short the EUR/GBPpetar skakalov
GS recommends taking short positions against EUR/GBP on the basis of approaching an exit from the whole Brexit situation.
In addition, the bank remains optimistic that UK fiscal policy will be able to withstand the pressure of leaving the EU.
Both parties agree to increase government spending. As a short-term risk, Parliament still has the opportunity to stop working. This will deepen Brexit uncertainty further, forcing BoEs to cut interest rates.
The idea of the investment bank is to short the EUR/GBP with a target of 0.82 and a stop loss of 0.88.