- Analytics
- News and Tools
- Market News
- GBP/USD: A return to 1.1500 around the turn of the year seems appropriate – ING
GBP/USD: A return to 1.1500 around the turn of the year seems appropriate – ING
GBP/USD has gone into a consolidation phase at around 1.2250. Economists at ING expect the pair to plummet toward 1.1500 by year-end.
Cable nearing the peak?
“US Nonfarm Payrolls may fail to invert the bearish Dollar trend and GBP/USD may find a bit more support around 1.2300-1.2350.”
“However, Cable is not factoring in the negative implications of rebounding gas prices and weak economic fundamentals. A return to 1.1500 around the turn of the year seems appropriate in our view.”
See – US NFP Preview: Forecasts from 10 major banks, less strong, but not weak
© 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
