According to ING, the EURGBP rate, currently at 0.85542, has the potential to increase and reach the 0.87 range sometime in the later part of this year.

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EURGBP Chart by TradingView

EUR/GBP briefly dipped under 0.8500 on the soft eurozone PMI releases only to surge to 0.8565 on the soft UK services PMI release. Economists at ING analyze the pair’s outlook.

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