Danske Bank has updated currency forecasts

The table below shows the updated currency forecasts of experts from Danske Bank. According to currency strategists bank, differences in monetary policy and portfolio investment flows will be key drivers of the euro / dollar dynamics. The bank is expected in the coming months, a decrease of consumer inflation in the euro area, which should revive market speculation about additional stimulus from the ECB. Danske Bank has revised downward projections for the pair EUR / USD. At the same time, despite the minor key of the recent statistics on the UK, particularly in the manufacturing sector, the bank's experts expect that in the second half of the country's economy will maintain a high rate of recovery. Danske predicts increase in Bank of England interest rates in January. Cross the euro / pound should continue the downward movement. It is due to differences in monetary policy.