Lloyds Bank: In December EUR/GBP could fall to 0.83

In recent months, EUR / GBP is consolidating widely. Following the recent ECB decision to extend the quantitative easing program, while reducing the monthly volume and to expand the list of instruments suitable for the bank, the pair fell significantly. Then the pair resumed growth amid worsening of fears about tough Brekzit, analysts say. Currently EUR/GBP is trading significantly higher, they added.
According to the bank's analysts forecast for this year, the ECB and the Bank of England will not change interest rates, so the differential factor will have a serious impact on the pair. The main driving forces for its movement will become political events in Europe, elections in the Netherlands in March, in France in April-May, in Germany - probably in September and possibly Italy, analysts say. According to their forecasts, in December this year EUR/GBP will fall to 0.83.