EUR/GBP could continue to nudge up towards 0.89 – ING EURGBP UnitedKingdom BOE Banks
“95 bps of tightening is now priced in by August this year. It is not clear that this week's data will add to those softer expectations – wages and inflation could remain high – but we do see those BoE tightening expectations coming under pressure over coming months.
“EUR/GBP could continue to nudge up towards 0.89, which is our target for the end of this first quarter.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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