GBP/USD can head towards the key 1.2426 December high and 1.2500 resistances – ING GBPUSD BOE Banks
GBP/USD climbs above 1.23. Economists at ING expect the pair to enjoy further gains toward the key 1.2426 and 1.2500 resistances.should not be taken to the 2008 peak, he stressed how the UK banking system is in a sound position and that inflation remains the key focus, and that further rate hikes are possible if inflationary pressures persist.”
“With BoE rate expectations now supported, we think GBP/USD can head towards the key 1.2426 and 1.2500 resistances on the back of USD weakness and policy divergence relatively soon.”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.
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