#GBPUSD @ 1.15079 set to retest the 1.1406 lows – ING
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
GBP/USD is having a difficult time staging a rebound. Economists at ING expect the pair to retest the 1.1406 lows.
“The overall environment remains sterling negative. Running a large current account deficit and having a large financial sector representation in the UK economy, slowing growth and weaker equity markets should leave sterling as an underperformer.”
“Sterling is at the mercy of the strong dollar, where we expect a retest of the 1.1406 lows. And further equity weakness would send EUR/GBP back to the top of an 0.8650-0.8720 range.”
[/s2If]
Join Our Telegram Group
