- Analytics
- News and Tools
- Market News
- EUR/GBP: Risks skewed to the upside awaiting a hawkish Fed – ING
EUR/GBP: Risks skewed to the upside awaiting a hawkish Fed – ING
EUR/GBP has surged beyond the 0.8800 level. The pair could extend its rise on a hawkish Federal Reserve, according to economists at ING.
Downside risks from a hawkish Fed
“We think there is now less scope for the ECB to push the Euro even higher, which means more fuel to the EUR/GBP rally may be mostly a function of risk sentiment rather than monetary policy divergence.”
“Since the Pound tends to be more sensitive to global risk sentiment than the Euro, the risks are skewed to the upside for EUR/GBP today given our baseline scenario for a hawkish Fed weighing on risk assets.”
“Cable may drop to the 1.2200 mark today.”
See – Fed Preview: Forecasts from 16 major banks, dialing down rate hike to 25 bps
© 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
