- Analytics
- News and Tools
- Market News
- EUR/GBP will struggle to break below 0.87 if ZEW shows some improvement – ING
EUR/GBP will struggle to break below 0.87 if ZEW shows some improvement – ING
Sterling is strengthening. Economists at ING analyze GBP outlook.
Wage data actually good news for BoE
Wage growth slowed less than expected in September from 8.1% to 7.9% (exp. 7.3%). The unemployment figures should discarded given the data quality issues, but in general, the report points to ongoing cooling in the jobs market. This appears to be good news for the Bank of England and we think private sector wage growth can slow down to around 4.5% by next summer.
EUR/GBP is heavily testing 0.8700 but will struggle to make a break lower if ZEW shows some improvement.
© 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
