#GBPUSD @ 1.15616 : Recovery unlikely to last – ING
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The British pound continues to enjoy a renaissance, but analysts at ING would argue that further gains will be harder to come by.
“The softer dollar environment means that the GBP/USD correction could extend to the 1.1750 area – but we doubt these gains last.”
“The EUR/GBP pair may well find support in the 0.8600/8650 area, with risks tilted towards 0.8800 into next week.”
See: GBP/USD could now test the 1.1760 level – UOB
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