We expect support for EUR/USD to fade shortly, with the cross declining back towards 1.30 by year-end, and reaching 1.23 by end-2014. Though we look for USD to fade somewhat due to delayed Fed tapering and the start of the ‘Yellen Fed’, EUR is likely to see only limited support from this development, particularly compared to other G10 European currencies. Indeed, we have revised our EUR/GBP forecasts down, and now expect it to end the year at 0.82. We expect EUR to be pressured on three fronts – growth, policy and politics. Our economists expect euro area growth to fade this quarter after the relatively robust ... (full story)