- GBP/USD remains vulnerable to the 1.14/15 area on tough summer for equities – ING
Market news
6 July 2022
GBP/USD remains vulnerable to the 1.14/15 area on tough summer for equities – ING
GBP/USD hit its lowest level since March 2020 under 1.19 on Tuesday. Economists at ING highlight that cable could fall as low as 1.15/14.
EUR/GBP can continue to trade near 0.86
“EUR/GBP can continue to trade near 0.8600, but a 2% dollar advance puts cable down near the 1.17 area.”
“A tough summer for equities suggests cable remains vulnerable to the 1.14/15 area.”
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