- Analytics
- News and Tools
- Market News
- GBP: Tariffs versus BoE – ING
GBP: Tariffs versus BoE – ING
EUR/GBP is offered again this morning as the market is dominated once more by the tariff story, ING's FX analyst Chris Turner notes.
GBP/USD to go to the lower end of the 1.2250-2500 trading range
"Here, the market expects the EU to have more to lose than the UK on tariffs. We cannot rule out another drop in EUR/GBP to the 0.8250 area should tariffs hit Europe in the early part of this week. However, tomorrow could see the focus flip back to the Bank of England easing cycle."
"Here, former arch-hawk – potentially now arch-dove – Catherine Mann delivers a speech on the UK outlook. Understanding why she voted for a 50bp rate cut last week could shed light on whether others will want to follow suit. A soft fourth quarter UK GDP figure out on Thursday could also add to a dovish narrative."
"GBP/USD should be the focus for any sterling downside, however. We favour GBP/USD heading down towards the lower end of a 1.2250-2500 trading range."
© 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.
