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- GBP/USD to head higher toward 1.33 by year-end – ING
GBP/USD to head higher toward 1.33 by year-end – ING
Economists at ING expect the GBP/USD pair to advance nicely toward the 1.33 mark by the end of the year.
Sterling’s correlation with risk assets declines
“GBP/USD should be heading higher this year. 1.33 is our target for year-end.”
“Interestingly, Sterling’s correlation with risk assets has fallen a lot this year – a factor probably helping Sterling at the moment. Yet we see a less hawkish BoE coming through, limiting GBP gains.”
Source: Refinitiv, Macrobond, ING
See: Hardly any appreciation potential for Sterling – Commerzbank
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