This week it is hard to find a UK catalyst for Sterling to break out of recent ranges – ING

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Economists at ING expect Sterling to trade quietly this week.

“This week it is hard to find a UK catalyst for Sterling to break out of recent ranges. We doubt any further progress on the Windsor Framework deal is worth much more to Sterling. And having heard from Bank of England big hitters (Andrew Bailey and Huw Pill) last week, we doubt that this week’s BoE speakers make much of a dent in market pricing of the BoE cycle.”

“In all, EUR/GBP should trade well within a 0.8800-0.8900 range, while GBP/USD will be bounced around on this week’s big inputs from the US events calendar.”

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