- Analytics
- News and Tools
- Market News
- GBP/USD: No reasons to dislike Cable in the very near term as long as the Dollar momentum remains soft – ING
GBP/USD: No reasons to dislike Cable in the very near term as long as the Dollar momentum remains soft – ING
GBP/USD climbed above 1.2500 for the first time since June on Tuesday. The pair should remain resilient in the near term, economists at ING report.
EUR/GBP to reach 0.89 by the summer and 0.90 by the second half of the year
“While we don’t see reasons to dislike Cable in the very near term as long as the Dollar momentum remains soft, we continue to favour a higher EUR/GBP in the remainder of the year on the back of our view that Bank of England tightening expectations are overdone.”
“We target 0.89 by the summer, and 0.90 by the second half of the year.”
© 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
