• GBP/USD could briefly tip back to the 1.2550 area on strong US data – ING

Noticias del mercado

30 junio 2023

GBP/USD could briefly tip back to the 1.2550 area on strong US data – ING

Economists at ING analyze GBP outlook.

Sterling must be enjoying support from implied short-dated yields over 5%

Sterling is consolidating and must be enjoying support from implied short-dated yields over 5%. We made the point last week that the FX hedging costs were now very painful for foreign investors in the UK Gilt market – a factor that could help Sterling.

There is little on the UK calendar today, so strong US data could briefly tip GBP/USD back to the 1.2550 area, where we expect it to find support.

 

Enfoque del mercado
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 disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: