- GBP/USD: 1.20 remains a real possibility – ING
Market news
6 October 2023
GBP/USD: 1.20 remains a real possibility – ING
Bank of England Decision Maker Panel survey offered a few interesting highlights. Economists at ING discuss GBP outlook.
EUR/GBP may keep struggling to find any real sense of direction
We think the survey can modestly help our call for a BoE hold in November, although mostly for what that may suggest about ongoing price dynamics rather than how highly regarded the Decision Makers Panel Survey is at the MPC.
EUR/GBP may keep struggling to find any real sense of direction, while GBP/USD looks vulnerable to a Dollar rebound. It is too early to rule out a move to 1.2000.
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