Concerning economic outlook and dovish repricing in rate expectations to keep GBP rather unattractive – 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)]
Despite the Dollar’s correction on Friday, the Pound still has to fully recover from the post-Bank of England blow. Economists at ING expect investors to continue refraining from placing bets on the GBP.
“The combination of a highly concerning economic outlook and a forced dovish repricing in rate expectations look set to keep the British Pound rather unattractive.”
“Cable may be primarily driven by dollar moves this week, but the EUR/GBP pair could extend gains to the 0.8850/70 area.”
[/s2If]
Join Our Telegram Group
