EUR/GBP can drift to the 0.8550 area unless Eurozone CPI surprises on the upside – ING
|Sterling continues to perform well. Economists at ING discuss the EUR/GBP outlook ahead of Eurozone Harmonised Index of Consumer Prices (HICP) data.
GBP looks like a decent intra-European target currency for the carry trade
“Sterling now looks like a decent intra-European target currency for the carry trade.”
“Unless Eurozone CPI today surprises on the upside to drag Eurozone swap rates higher, EUR/GBP looks as though it can drift to the 0.8550 area.”
See – Eurozone HICP Preview: Forecasts from four major banks, sharp drop in inflation
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