GBP/USD: Breach of 1.15 clears the way towards 1.1750 – ING

FXStreet Insights Team FXStreet

The pound took another leg higheron Tuesday. Economists at ING expect the pair to extend its race higher towards 1.1750 on a break past 1.15.

EUR/GBP to move within a 0.8650-08750 near-term trading range

“1.1500 is clearly a big level in GBP/USD. A break could see the correction extend to 1.1750. But such a correction would more likely be driven by a global re-assessment of risk ($ negative) than a further re-rating of UK prospects.”

“0.8650-08750 looks to be the EUR/GBP near-term trading range.”

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FXStreet Insights Team

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