GBPUSD to target 1.1150 if the Dollar to strengthen today – ING GBPUSD UnitedKingdom Banks Housing
“UK estate agents now see house prices declining for the first time since the summer of 2020 – a clear response to the recent surge in mortgage. This will again question the market's pricing of the Bank of England's tightening cycle, where we think rates priced at 4.65% next summer are way too high.”
“1.1150 is a clear target for GBPUSD were the dollar to strengthen today. Again, we doubt any gains over 1.15 endure.”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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