- Analytics
- News and Tools
- Market News
- GBP/USD could inch close to parity by year-end – ING
GBP/USD could inch close to parity by year-end – ING
GBP/USD is approaching the 1.10 level. In the view of economists at ING, heightened scrutiny on policy choices can see GBP/USD nearing parity later this year.
Cable does not seem out of the woods yet
“It looks like the Fed will be pushing real interest rates deeper into more restrictive territory over coming months. That will tighten liquidity conditions still further and see that any policy mistakes get punished. The new UK government admitted such a policy mistake when reversing plans to scrap the top rate income tax bracket. The UK Gilt market was just not ready for huge supply.”
“Key dates for the diary are 14 and 31 October. The BoE intervened to buy Gilts but said it would stop on 14 October. Does the Gilt market allow that to happen? And 31 October sees the medium-term fiscal plan released. Do the numbers add up?”
“GBP/USD: 1M 1.07 (1.1085) 3M 1.02 (1.1098) 6M 1.02 (1.1089) 12M 1.11 (1.1038).”
© 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
