# eFXdata | MUFG: GBP Outlook: Rangebound Versus EUR, to Gain Modestly Versus US Dollar

> MUFG maintains its view that the pound will strengthen modestly against the US dollar and weaken modestly against the euro. It targets GBP/USD at 1.3300 and EUR/GBP at 0.8400 by year-end.

- Date: 2026-11-03 · published 2026-11-04T00:52:09.807Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/78875-efxdata-mufg-gbp-outlook-rangebound-versus-eur-to-gain-modestly-versus-us-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

MUFG says the Bank of England is unlikely to deliver the rate path markets currently price, which could weigh on sterling against non-dollar currencies. For feed buyers the effect on imported ingredient costs is indirect, mainly through GBP/EUR and GBP/USD pricing.

## Read by commodity

- GBPUSD: neutral

## Sources

- efxdata.com: https://www.efxdata.com/insights/0c8603fb0bf8a686a7b01fb0f0202c97.html

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