GBP/USD: Strong Dollar to keep Cable not far from the 1.2050/2100 support region – ING
|Sterling is trading slightly on the soft side ahead of Thursday's Bank of England (BoE) policy meeting. Economists at ING analyze GBP outlook.
EUR/GBP may struggle to hold gains over 0.8700
We think a 6-3 vote for unchanged rates should not unduly hit the Pound. However, it seems investors are taking a slightly dimmer view of the GBP.
A strong Dollar should probably keep GBP/USD not far from the 1.2050/2100 support region.
Soft Eurozone data this week suggests EUR/GBP may struggle to hold gains over 0.8700.
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. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.