#GBPUSD @ 1.24360 may struggle to sustain a break above 1.25 this quarter – ING
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The GBP/USD pair has regained the 1.24 handle. However, economists at ING expect Cable to remain below the 1.25 level this quarter.
“The EUR/GBP pair has just about been keeping its head above the 0.8750 support level. We favour a return to the 0.89 area.”
“And our base case is that GBP/USD may struggle to sustain a break above 1.25 this quarter – whilst the Fed is still in the last stages of tightening.”
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