- Analytics
- News and Tools
- Market News
- EUR/GBP to move within a 0.8450-0.8550 range for the time being – ING
EUR/GBP to move within a 0.8450-0.8550 range for the time being – ING
EUR/GBP is displaying a lackluster performance in the early European session. Economists at ING expect the pair to continue trading in a 0.8450-0.8550 range for now.
Sterling bears queuing up
“There remains a lot of bearishness surrounding sterling. The argument goes that hiking rates in a softening economy is a sterling negative. And true, sterling has recently taken on the characteristics of a growth currency, being driven more by equities than rate differentials over recent months.”
“We are slightly negative on sterling – looking for EUR/GBP at 0.8600. But we think a lot of the weakness is a reflection of broad dollar strength and we are not looking for a sterling collapse.”
“EUR/GBP will probably continue trading in a 0.8450-0.8550 range for the time being – i.e. an environment of greater volatility but within defined ranges.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
