- GBP/USD: Many investors will now be targeting a move to 1.33 assuming a weekly close above 1.30 – ING
Market news
13 July 2023
GBP/USD: Many investors will now be targeting a move to 1.33 assuming a weekly close above 1.30 – ING
Economists at ING analyze British Pound (GBP) outlook.
Cable up, EUR/GBP sideways
In some ways, Sterling has already enjoyed its re-rating on the very hawkish BoE and thus may not outperform in this current Dollar bear phase. However, many investors will now be targeting a move to 1.33 in GBP/USD – assuming we can close the week above 1.30.
The EUR/GBP pair has reversed off a low near 0.8500 – which now may mark the lower end of the trading range for this quarter.
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