• EUR/GBP should build a floor around 0.8700 – ING

Noticias del mercado

15 noviembre 2023

EUR/GBP should build a floor around 0.8700 – ING

Economists at ING expect economic data to help build a floor around the 0.8700 level in EUR/GBP.

Risk of GBP underperformance as the UK economic outlook deteriorates

We keep pointing to the fact that pricing in the Sonia curve appears a bit too conservative compared to that of the US and the Eurozone in pricing monetary easing and that raises the risk of GBP underperformance as the UK economic outlook deteriorates.

The combination of a tentative improvement in Eurozone data and soft inflation figures in the UK should help build a floor around 0.8700 in EUR/GBP.

 

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: