GBP/USD: Support around the 1.2275/2300 area may hold temporarily – ING GBPUSD EURGBP BOE Banks
“UK data is doing the most of the talking and it will probably be the jobs/wages data or the May CPI data which will be the key determinant on whether the market reins in aggressive tightening expectations.”
“Until then, EUR/GBP can probably press support at 0.8650, below which 0.8600/8610 is the next target. GBP/USD can better resist the stronger Dollar. Support around the 1.2275/2300 area may hold temporarily.”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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