It remains hard to see a sustained GBP downtrend – ING

Economists at ING analyze GBP outlook.

Inflation picture should improve later this year

In the UK, the Bank of England published a survey of corporate pricing plans on Thursday, which included some encouraging news for lower inflation. 

The inflation picture should improve later this year, which means some pricing out of BoE rate expectations can come hitting the Pound down the road. 

For now, it remains hard to see a sustained GBP downtrend.

See: Two factors could set the Pound up for a depreciation at the tail end of the year – NBF