J.P. Morgan recently re-established long positions in the British pound against the euro, the Swiss franc, and the Swedish krona. The forecast expects the EUR/GBP line to be 0.87 in the third quarter, previously 0.88; the exchange rate is expected to be 0.88 in the fourth quarter, compared to 0.89; currently, the pair is around 0.85.

J.P. Morgan recently re-established long positions in the British pound against the euro, the Swiss franc, and the Swedish krona. The forecast expects the EUR/GBP line to be 0.87 in the third quarter, previously 0.88; the exchange rate is expected to be 0.88 in the fourth quarter, compared to 0.89; currently, the pair is around 0.85.