#GBPUSD @ 1.21612 looks biased towards the 1.2350 area this week – ING
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GBP/USD holds in positive territory at around 1.2150. Economists at ING expect the pair to extend its advance towards the 1.2350 region.
“Recent job and wage data has yet to assuage the BoE’s concerns over a tight UK labour market, thus we doubt Huw Pill will need to sound very dovish today.”
“With the Dollar at risk of falling further, GBP/USD looks biased towards the 1.2350 area this week, while EUR/GBP should find support in the 0.8780 area.”
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