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- GBP/USD may struggle to break the 1.15 area – ING
GBP/USD may struggle to break the 1.15 area – ING
GBP/USD has bounced towards the 1.15 level. However, the pair is unlikely to break this barrier, in the opinion of economists at ING.
EUR/GBP unlikely to sustain a move under 0.8550/8600
“We suspect that GBP/USD may struggle to break the 1.15 area. Will it trade back to 1.20, where it was before fears of a Liz Truss government started to hit the Gilt market? Probably not.”
“EUR/GBP was trading at 0.84 in early August and we would say the political risk premium and a difficult external investment environment will make it hard for EUR/GBP to sustain a move under 0.8550/8600.”
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