GBPUSD could drift back to the 1.1700/1710 area this week – ING GBPUSD EURGBP Banks
“EURGBP is softening as the Euro seems to be taking the larger strain of the softer China view. However, 0.8665 should be good intra-day support. We are more bearish on GBPUSD. And unless Wednesday's FOMC minutes throw up some dovish surprises, GBPUSD could drift back to the 1.1700/1710 area this week.”
“Our year-end GBPUSD target remains a reasonably aggressive 1.10 – largely on the back of renewed Dollar strength.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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