# Pound rally forecasts pegged to Brexit deal may be too optimistic - The Business Times

> Analysts forecasting a pound rally of more than 5% on a softer Brexit may be too optimistic, according to the article. Some see sterling reaching US$1.40 by end-June, but current prices appear to reflect mainly positive scenarios. Traders say the market remains structurally short sterling in cash and options.

- Date: 2019-03-31 · published 2019-03-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/60344-pound-rally-forecasts-pegged-to-brexit-deal-may-be-too-optimistic-the-business
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The analysis highlights downside risk to sterling forecasts, which would affect currency conversion for UK import costs. It has no direct link to feed commodity balances.

## Read by commodity

- GBPUSD: neutral

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/pound-rally-forecasts-pegged-brexit-deal-may-be-too-optimistic

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.