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EUR/GBP to zero.85, Cable to 1.33/35 – ING

Following the quantity of turmoil within the Brexit saga, analysts at INg Financial institution have provided their outlook for GBP/USD and EUR/GBP.

Key Quotes:

“We nonetheless assume the state of affairs evaluation we introduced over the summer season, proven under, is an efficient means to have a look at the near-term prospects for GBP, the place progress on negotiations might see two central financial institution hikes priced in 2019 and EUR/GBP commerce to zero.85. 

Nonetheless, for cable, a stronger greenback in all probability signifies that progress on GBP/USD is just restricted to the 1.33/35 space – reasonably than the 1.36-38 space, we had initially thought doable once we put this state of affairs matrix collectively.”

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