- Analytics
- News and Tools
- Market News
- GBP/USD might find some support near 1.2600, EUR/GBP could easily drift back under 0.8600 – ING
GBP/USD might find some support near 1.2600, EUR/GBP could easily drift back under 0.8600 – ING
Economists at ING analyze the GBP outlook.
Too soon to start Selling sterling on hard landing fears
We think it is too soon to start Selling sterling on hard landing fears.
We think Sterling only sells off when the data – both inflation and labour market data – suggest the BoE can ease up in its hawkishness. Until then GBP/USD might find some support near 1.2600 and EUR/GBP could easily drift back under 0.8600.
See: EUR/GBP to climb above 0.90 in the coming quarters – Commerzbank
© 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
