• There are no real UK-specific drivers that would justify a sustained GBP outperformance – ING

Noticias del mercado

29 septiembre 2023

There are no real UK-specific drivers that would justify a sustained GBP outperformance – ING

GBP/USD has climbed above 1.2200 while EUR/GBP has dropped below 0.87. Economists at ING analyze Sterling’s outlook.

Chance of a further correction in EUR/GBP

GBP/USD has rallied in line with the Dollar correction but there are no real UK-specific drivers that would justify a sustained GBP outperformance at this stage. 

EUR/GBP has eased back from the 0.8700 level, in line with our expectations, after the turmoil in Italian bonds and given the big bulk of dovish Bank of England repricing had already happened. There is probably still additional room for a correction in EUR/GBP should Italian spreads keep widening.

 

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: