Goldman Sees Brexit Growth Slowdown Dominating CEE FX Outlook
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Cyclical dynamics, growth developments on negative shock of Brexit are likely to dominate outlook for Polish, Hungarian, Romanian currencies, Goldman Sachs analyst Ian Tomb says in e-mailed report.
Alert: HALISTER1- “While further weakness is possible if political uncertainty spills over from the UK into the rest of the EU, in the medium term undemanding valuations and the potential for relatively strong growth going forward argue for stronger currencies”
- Sees zloty at 4.25/EUR in 12 months, forint at 320/EUR, leu at 4.3/EUR
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283