BNP Paribas lowered the forecast for the pound

BNP Paribas lowered the forecast for the pound against the backdrop of weak data on economic growth, a possible record budget deficit this year and talk about the decline in rating. How to find a bank, a significant deterioration in the financial situation of the country lead to higher debt levels to 70% of GDP, taking into account the high level of debt may lead to lower credit rating of Great Britain. The latter may significantly affect the ability of countries to finance the huge budget deficit. According to analysts BNP Paribas, by the end of June, the pound will be traded at 1.49 (last forecast of 1.58), and by the end of September (3 sq. km.) - To 1.51 (last forecast of 1.65). Similarly, the forecast for the pound against the euro at the same time periods of 95 and 96 pence per euro (last forecast of 90 and 88). By the end of 4 quarter pound / dollar will be traded at 1.52 (1.61) and euro / pound - at 0.92 (0.87). Now the pound / dollar was at 1.4556 and euro / pound - at 0.9027.