GBP: Job done BoE, now back to Brexit - ING

Sandeep Kanihama FXStreet Contributor

Viraj Patel, Foreign Exchange Strategist at ING, suggests that 'Time for BoE to take charge' was heir narrative for the September meeting and take charge they did.

Key Quotes

“A 'withdrawal of stimulus' may only offer GBP a one-time boost, with the narrative quickly shifting back to Brexit over the coming weeks. We remain content with our forecasts for EUR/GBP at 0.90 and GBP/USD at 1.33 by end-2017, but see risks of pencilling in additional GBP strength were we to see progressive steps towards a Brexit transitional deal over the coming months.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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