GBP/USD has dropped below the 1.13 mark. Economists at ING expect the pair to return to levels under the 1.10 figure later in the year.

EUR/GBP to trace out a 0.8650-0.8800 range for now

“Clearly, 31 October is going to be another massive day for UK financial markets as Sunak/Hunt present their fiscal fix. But backing the dollar as we do, we doubt GBP/USD needs to trade above 1.15 and retain sub 1.10 targets for later in the year.”

“EUR/GBP to trace out a 0.8650-0.8800 range for the time being.”