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GBP: 0.88 for EUR/GBP might be a stretch - ING
Breaking news
GBP: 0.88 for EUR/GBP might be a stretch - ING
New
2025.07.28 18:39
2025.07.28 18:39
2025.07.28 18:39
EUR/GBP looks to be trading quite comfortably above April's spike high near 0.8735, ING's FX analyst Chris Turner notes.
GBP/USD looks more vulnerable
"A move up to 0.88 is not guaranteed, however, since this week's eurozone data could weigh a little on the euro. At the same time, sitting long EUR/GBP in quiet August markets is again carry negative and a very light UK calendar this week looks unlikely to provide the incentives to add to short sterling positions. Perhaps EUR/GBP can trade something like a 0.8700-0.8770 range this week."
"GBP/USD looks more vulnerable. Here, we favour a retest of decent support at 1.3370, below which losses can accelerate - perhaps all the way to 1.3150 if the US data/FOMC event risk this week is dollar positive enough."
Last updated
: 2025.07.28
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2025.07.29 18:01Disclaimer:
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