- EUR/GBP can drift to the 0.8550 area unless Eurozone CPI surprises on the upside – ING
Market news
1 June 2023
EUR/GBP can drift to the 0.8550 area unless Eurozone CPI surprises on the upside – ING
Sterling continues to perform well. Economists at ING discuss the EUR/GBP outlook ahead of Eurozone Harmonised Index of Consumer Prices (HICP) data.
GBP looks like a decent intra-European target currency for the carry trade
“Sterling now looks like a decent intra-European target currency for the carry trade.”
“Unless Eurozone CPI today surprises on the upside to drag Eurozone swap rates higher, EUR/GBP looks as though it can drift to the 0.8550 area.”
See – Eurozone HICP Preview: Forecasts from four major banks, sharp drop in inflation
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page