Sterling to hold onto its gains today, Tuesday’s data is key – ING EURGBP UnitedKingdom BOE Employment Banks
Sterling is now the best-performing currency in the G10 space this year at +4.08%. Economists at ING discuss GBPThe highlight for Sterling this week will be tomorrow's release of April wage data and the employment report for May. We think softer wage and price data could emerge at any time and that market pricing of the Bank Rate is subject to a sharp downward revision.
EUR/GBP is currently testing big support at 0.8540/50 - levels we see as worthwhile to hedge GBP receivables.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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