- Analytics
- News and Tools
- Market News
- GBP: Briefly out of the line of fire – ING
GBP: Briefly out of the line of fire – ING
Sterling has been one of the least badly hit G10 currencies, arguably because the UK runs a trade deficit with the US and goods exports to GDP are relatively small, ING’s FX analysts Chris Turner notes.
A bias towards 1.2100 for GBP/USD looks likely this week
“That is why EUR/GBP is under pressure today. However, we see Thursday's Bank of England rate meeting as a possible negative event risk for sterling. Given the broadly positive dollar environment, however, this looks more like a story for GBP/USD than EUR/GBP. A bias towards 1.2200 and possibly 1.2100 for GBP/USD looks likely this week, depending on the US trade story.”
© 2000-2025. 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.
