#EURGBP @ 0.87478 : Gains may struggle to extend beyond the 0.8750 mark – 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)]
EUR/GBP jumps to the 18-month high. Nonetheless, economists at ING expect the pair to struggle around the 0.8750 region.
“Despite the seemingly unstoppable re-pricing higher in Fed rate expectations, the BoE’s pricing has stalled, now around 65 bps for the September meeting. We currently see a relatively high chance of a 75 bps move next week, which could lend sterling some help, despite a general environment that remains rather unwelcoming for pro-cyclical currencies, and domestic growth fears that are likely set to keep a lid on a large GBP recovery.”
“This morning’s EUR/GBP jump may struggle to extend beyond the 0.8750 mark.”
[/s2If]
Join Our Telegram Group
