Sterling outlook: GBP/USD to 1.1800, EUR/GBP 0.9200 - Rabobank

Analysts at Rabobank offered an outlook for the pound.

Key Quotes:

"Our expectation that the BoE is unlikely to cut the Bank rate again at next week’s MPC meeting may offer the pound some protection in the weeks ahead.

However, in the absence of any back down by the government on its hard Brexit position, sterling is likely to remain a vulnerable currency.

We maintain our forecast of GBP/USD 1.1800 and EUR/GBP0.92 by the middle of next year."