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Forex pairs in this Article » EUR/GBP, USD/CAD (Barcelona) - UBS strategists expect risk-appetite to be amplified in the next few weeks, and as a result, the bank has upgraded its one and three month forecasts, "for EURGBP from 0.82 and 0.80 to 0.87 and 0.85 respectively, for EURCHF from 1.22 each to 1.27 and 1.25 and USDCAD from 0.97 and 0.98 to 1.02 each" UBS said.

UBS adds: "The outlook for sterling has also dimmed given poor Q4 UK GDP and Prime Minister Cameron's promise to hold a referendum on Britain's relationship with the European Union. The Canadian dollar has also been hurt by the Bank of Canada suggesting policy tightening isn't likely in the near term. We also adjust our AUDUSD and NZDUSD one month forecasts from 1.05 and 0.85 respectively to 1.03 and 0.82, which also lifts our AUDNZD view to 1.26 in one month."
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