- Analytics
- News and Tools
- Market News
- GBP/USD looks headed to 1.20 – ING
GBP/USD looks headed to 1.20 – ING
Having suffered heavily last week, this week looks to be an equally formidable one for sterling. Economists at ING expect GBP/USD to slump toward 1.20 while EUR/GBP is set to hit the 0.86 mark.
Plenty of challenges this week
“1Q22 GDP is released on Thursday which may start to show the slowdown emerging in March, ahead of what could be a negative quarterly reading in 2Q22. The market still prices the Bank Rate at 2.15% by the end of the year – pricing which looks vulnerable. However, we do have a hawkish MPC member, Michael Saunders, speaking today. Tomorrow sees the Queen's speech at the opening of parliament.”
“Political commentators have been discussing the risk that the UK government will look to push ahead with a legislative agenda that could be more combative on Northern Ireland trade. The current UK trade deal is not that much better than a no-deal – yet UK government threats to tear up the N. Ireland protocol will likely weigh on a vulnerable pound.”
“Cable looks headed to 1.20 and EUR/GBP to 0.86.”
© 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.
Bank transfers
