GBP/USD looks biased towards the 1.2350 area this week – ING
|GBP/USD holds in positive territory at around 1.2150. Economists at ING expect the pair to extend its advance towards the 1.2350 region.
BoE Chief Economist speaks at 15:30 GMT
“Recent job and wage data has yet to assuage the BoE's concerns over a tight UK labour market, thus we doubt Huw Pill will need to sound very dovish today.”
“With the Dollar at risk of falling further, GBP/USD looks biased towards the 1.2350 area this week, while EUR/GBP should find support in the 0.8780 area.”
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