GBP/USD to retest the 1.1950 on a break under 1.21 – ING
|The GBP/USD pair was last seen retreating toward 1.21. Below here, cable could retest the 1.1950 low, economists at ING report.
Downside risks persist
“Brexit-related headlines should continue to come in over the coming days, but the pound may remain little touched by them for now.”
“A re-pricing of aggressive Bank of England expectations is the biggest risk for the pound, which also remains exposed to further risk sentiment instability.”
“Should we see a break below 1.21 in cable, the 1.1950 low could be re-tested soon.”
“When it comes to EUR/GBP, an almost equally unattractive euro should keep the pair around 0.86.”
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.