Sterling supported against the euro, says ING
FROM THE WIRE · FXSTREET.COM
ING’s Chris Turner says sterling strength reflects both independent GBP gains and Euro weakness in EUR/GBP. Earlier concerns that Pound gains would fade have eased as markets gain confidence in the Bank of England’s tightening path, with ING expecting 25bp hikes in February and…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishSterling strength reflects both independent GBP gains and euro weakness, affecting the EUR/GBP cross.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01ING's Chris Turner says sterling strength reflects independent GBP gains and euro weakness.
- 02Earlier concerns about fading pound gains have eased as markets trust the Bank of England's tightening path.
- 03ING expects 25bp rate hikes in February and November.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Euro/UK Pound Sterling FX Cross Rate0.83830.00%today -0.01%Negative EUR/USD1.1203-0.18%today -0.28%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets