#GBPUSD @ 1.15434 : Breach of 1.15 clears the way towards 1.1750 – ING
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The pound took another leg higheron Tuesday. Economists at ING expect the pair to extend its race higher towards 1.1750 on a break past 1.15.
“1.1500 is clearly a big level in GBP/USD. A break could see the correction extend to 1.1750. But such a correction would more likely be driven by a global re-assessment of risk ($ negative) than a further re-rating of UK prospects.”
“0.8650-08750 looks to be the EUR/GBP near-term trading range.”
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