#GBPUSD @ 1.18690 : 1.1650 certainly looks like the direction of travel – ING
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GBP/USD has traded down to 1.1800. Economists at ING expect the pair to extend its fall toward 1.1650.
“We highlighted the outside risk of GBP/USD trading down to 1.1650. This certainly looks like the direction of travel looking at the stronger Fed policy trajectory now.”
“We continue to favour EUR/GBP trading up to and staying near 0.90 over coming months given the risk of the Bank of England shifting to a pause far earlier than the Fed or the ECB.”
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