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: 2025.02.03
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GBP: Briefly out of the line of fire - ING
Breaking news
GBP: Briefly out of the line of fire - ING
New
2025.02.03 18:59
2025.02.03 18:59
2025.02.03 18:59
Sterling has been one of the least badly hit G10 currencies, arguably because the UK runs a trade deficit with the US and goods exports to GDP are relatively small, ING's FX analysts Chris Turner notes.
A bias towards 1.2100 for GBP/USD looks likely this week
"That is why EUR/GBP is under pressure today. However, we see Thursday's Bank of England rate meeting as a possible negative event risk for sterling. Given the broadly positive dollar environment, however, this looks more like a story for GBP/USD than EUR/GBP. A bias towards 1.2200 and possibly 1.2100 for GBP/USD looks likely this week, depending on the US trade story."
Last updated
: 2025.02.03
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2025.02.03 19:01GBP: Briefly out of the line of fire - ING
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2025.02.03 18:58Disclaimer:
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