GBP and CHF - rates remain unchanged

On Thursday there was the meeting of the Central Bank of Switzerland, which surprisingly kept its interest rate of -0.75%. The Swiss franc rose against the euro to 1.0806, but fell against the dollar to 0.9877.

From the meeting of the Bank of England became clear that the main interest rate in the country remained at 0.5%, only one of the board members voted for an increase to 0.75%. Last month, from a statement by Mark Carney became clear that interest rates could be kept unchanged for a long time. The pound rose against the euro but recorded losses against the dollar to 1.5158 and Japanese yen to 184.23.

Strong growth of the euro against the US dollar on Wednesday

The single currency rose above 1.10 against the dollar for the first time in a month as investors prepare for a possible increase in interest rates in the US, according to surveys already has nearly a 90% chance to occur.
The currency pair EUR/USD climbed to 1.1023, increasing 1.23% for the day. The daily range was between 1.0879 and 1.1042. Last week the euro has climbed up by over 5% against the US dollar. The single currency rose against the Australian dollar and the Swiss franc and 1.5246 respectively and 1.0837.

Goldman Sachs still expect parity in EUR/USD

The forex strategists of Goldman Sachs revised upwards their forecast for the euro, but still expect it to reach parity with the dollar in the next 12 months.
However, the downward movement will not be as steep as it was assumed before the meeting of the European Central Bank in early December.

From Goldman Sachs reviewed quarterly expectations for EUR/USD of $1.02 to $1.07, semi - from $1.00 to $1.05, and 12-month - from $0.95 to $1.00.

In EUR/GBP quarterly, six-month and 12-month forecast was revised from £0.69 of £0.71, from £0.67 of £0.70 and £0.65 of £0.68. At the end of 2017 the expected level is £0.65, instead of the previously computed £0.57.

In EUR/CHF the forecast for the end of 2017 has been revised upwards by SFr1.10 to SFr1.15.