EUR/GBP: More downside room – ING
EUR/GBP continues to press the 0.8700 support. Economists at ING see the pair staying pressured
Capped upside for Cable
The tax cuts announced by the Treasury are, on paper, a Sterling-positive. They are both pro-growth and pro-inflation and do not seem to have excessively unnerved the bond market.
We expect GBP to keep its decent momentum, especially in EUR/GBP, which we expect to make a decisive break below 0.8700 in the coming days.
We are still expecting some USD resilience and see a capped upside for Cable.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.