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The investment bank forecast survey for Q4 is ready.

Our poll of over 30 institutional analysts shows a downgrade in the key forecast points for the pound to euro exchange rate (GBP/EUR) over the next 12 months.

Both the median and mean projections for all timeframes - 3 months, 6m, 9m and 12m - were adjusted lower in the fourth-quarter survey period.

A consensus forecast is often considered better than a single forecast because it reduces the influence of individual bias and random error. It provides a credible benchmark for those with payment requirements in the coming weeks and months.

The results are available on request, here .

The fourth-quarter survey comes amidst a steady selloff in GBP/EUR, from the year's opening level at 1.2080 to 1.1450 at the time

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