ING: Hawkish BoE Shift Could Lift Pound Against Euro

ING··GBEUFR·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

ING analyst Chris Turner says the British pound could gain further support against the Euro if the Bank of England aligns with other central banks and raises interest rates. EUR/GBP has been pressured by French-related Euro risk, and markets will watch centrist policymakers Andrew Bailey and Claire Lombardelli for any hint of backing a hike. ING sees strong support at 0.8455/0.8465, with potential tests of 0.8400 if a November hike looks likely.

Impact on assets 2

Others▲