- EUR/GBP seen higher later this year as the hot UK inflation story cools – ING
Market news
19 June 2023
EUR/GBP seen higher later this year as the hot UK inflation story cools – ING
EUR/GBP continues to trade offered. Economists at ING analyze the pair’s outlook.
A hawkish ECB provides some pushback to the BoE pricing
At least a hawkish European Central Bank (ECB) provides some pushback to the Bank of England (BoE) pricing and we continue to forecast a higher EUR/GBP later this year – once the hot UK inflation story cools.
The EUR/GBP pair may find support here at the 0.8500/8550 area.
See: EUR/GBP target lowered to 0.8450 and GBP/USD target raised to 1.2800 – Credit Suisse
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