#EURGBP Medium / Long term Outlook and Positioning

The charts of the pair are currently as follows:

#EURGBP H4

#EURGBP Daily

#EURGBP Weekly

The outlook for the coming quarters given by institutional research teams is as follows:

Barclays

q1 0.90 q2 0.90 q3 0.90 q4 0.85

CIBC

q1 0.93 q2 0.93 q3 0.92 q4 0.91

Danske

q1 0.89 q2 0.89 q3 0.87 q4 0.86

UBS

0.95 by the end of q4

Societe Generale

q1 0.94 q2 0.96 q3 0.97 q4 0.98
DNB
q1 0.90 q2 0.90 q3 0.91 q4 0.92
HandelsBanken
q1 0.92 q2 0.94

The outlook of #EUR and of #GBP have been discussed in other  posts of this blog.
Brexit is the deciding factor for the direction of the pair.
For #GBP to have a "bright" future on this pair, a trade deal close to the Norway model should be reached, and this should be done in the most fluent and smooth way.  This scenario edges to the impossible.
Trade talks are going to be bumpy and a compromise is the most likely output.  Any deviation from that is most likely to be on the negative side and this will mean problems for #GBP.
#GBP is likely to be supported if necessary by the BoE.

The range the pair is likely to move in the coming quarters is:

Medium / long term positioning is long.