GBP/USD could make a run at the 1.2450/2500 area – ING GBPUSD EURGBP Banks
GBP/USD snapped a three-day losing streak on Wednesday. Economists at ING believe that the pair could race higher toward the 1.2450/2500 region.“Benign global conditions are supportive for the risk-sensitive Sterling and suggest GBP/USD could make a run at the 1.2450/2500 area this week.”
“EUR/GBP has drifted higher again. On balance, we would favour continued outperformance given the greater scope for convergence in“EUR/GBP may end the quarter near 0.89, but push up to the 0.90/91 area later in the year.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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