- Analytics
- News and Tools
- Market News
- EUR/GBP may struggle to climb above 0.8830-0.8850 for now – ING
EUR/GBP may struggle to climb above 0.8830-0.8850 for now – ING
Economists at ING see limited GBP upside room against the Euro.
PMIs may look a bit grimmer in the UK compared to the Eurozone
“PMIs may look a bit grimmer in the UK compared to the Eurozone today, which could hinder the modest rebound in EUR/GBP seen over the past two trading sessions. The pair may struggle to climb above 0.8830-0.8850 for now.”
“Still, the Pound should be able to count on a generalised alignment in market expectations around a 50 bps hike by the Bank of England next week (45 bps priced in at the moment), which suggests a smaller scope for a correction.”
See – EU PMI Preview: Forecast from three major banks, rising from the ashes
© 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
