GBP/USD faces some risk of a correction – ING

Market news

3 July 2023

GBP/USD faces some risk of a correction – ING

Economists at ING analyze the GBP outlook for this week.

EUR/GBP may struggle to find very sustainable support beyond current levels

This week will offer little input from the data side in the United Kingdom, and the list of Bank of England (BoE) speakers is also quite short.

Cable may be primarily driven by the Dollar leg, and faces some risk of a correction.

EUR/GBP may struggle to find very sustainable support beyond current levels.

See: GBP/USD can test the 1.30 level – Credit Suisse

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