- Analytics
- News and Tools
- Market News
- EUR/GBP may continue to find support beyond the 0.8900 level – ING
EUR/GBP may continue to find support beyond the 0.8900 level – ING
EUR/GBP has stabilised after Wednesday’s big rally. Economists at ING believe that the pair could trade beyond the 0.8900 mark for now
Unstable risk sentiment should hit GBP harder than EUR
“Yesterday’s Decision Makers Panel survey signalled that firms now expect to raise prices and wages at a slower pace, which favours a more cautious monetary policy approach.”
“We still think the BoE will hike by 25 bps on 23 March, but the market’s pricing for an additional 50 bps of tightening after that seems too aggressive.”
“EUR/GBP may continue to find support beyond the 0.8900 level for now as the Euro may gain more momentum in the crosses and unstable risk sentiment should hit GBP harder.”
© 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
