- EUR/GBP: Under pressure near term, rebound expected from 2Q onwards – ING
Notícias do Mercado
10 janeiro 2024
EUR/GBP: Under pressure near term, rebound expected from 2Q onwards – ING
EUR/GBP moved modestly higher on Tuesday. Economists at ING analyze the pair’s outlook.
Deterioration in economic conditions in the UK will ultimately warrant substantial BoE rate cuts
We remain of the view that a deterioration in economic conditions in the UK will ultimately warrant substantial BoE rate cuts (we estimate 100 bps), while markets are considerably overestimating the size of the ECB easing cycle.
However, data releases and BoE commentary in the near term may encourage some hawkish repricing at the front end of the GBP curve, which could keep pressure on EUR/GBP. We still target a rebound in the pair from 2Q onwards.
O foco de 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 disclaimerAbrir Conta Demo e Página Pessoal