Despite the Dollar’s correction on Friday, the Pound still has to fully recover from the post-Bank of England blow. Economists at ING expect investors to continue refraining from placing bets on the GBP.

In an uneasy position

“The combination of a highly concerning economic outlook and a forced dovish repricing in rate expectations look set to keep the British Pound rather unattractive.”

“Cable may be primarily driven by dollar moves this week, but the EURGBP pair could extend gains to the 0.8850/70 area.”