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- EUR/GBP can turn big again above 0.8900 – ING
EUR/GBP can turn big again above 0.8900 – ING
Sterling has been performing a little better over the last 24 hours. But in the view of economists at ING, EUR/GBP can turn big again above 0.8900.
Vulnerable to financial sector stress
“If the banking stress story has a little further to run we can expect a little Sterling under-performance, given the relatively large size of financial services in the UK economy.”
“EUR/GBP can turn big again above 0.8900, while GBP/CHF should make a run at 1.10.”
See: UK GDP grows 0.3% MoM in January vs. 0.1% expected
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