#GBPUSD @ 1.12868 to simmer a move below 1.10 later in the year – ING

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GBP/USD has dropped below the 1.13 mark. Economists at ING expect the pair to return to levels under the 1.10 figure later in the year.

“Clearly, 31 October is going to be another massive day for UK financial markets as Sunak/Hunt present their fiscal fix. But backing the dollar as we do, we doubt GBP/USD needs to trade above 1.15 and retain sub 1.10 targets for later in the year.”

“EUR/GBP to trace out a 0.8650-0.8800 range for the time being.”

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