GBP/USD set to dip below 1.10 in the near-term – ING
|Economists at ING analyze the outlook for the British pound. They see prevalent downside risks and expect GBP/USD to sink towards 1.10. Meanwhile, EUR/GBP is set to trade above 0.87 .
EUR/GBP to build a solid floor at 0.87
“We mostly see downside risks for cable from current levels, and expect a drop below 1.10 in the near-term.”
“In EUR/GBP, 0.8700 may emerge as an increasingly solid floor over the coming weeks.”
See: GBP/USD to remain vulnerable amid UK monetary and fiscal policy concerns – HSBC
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