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: 2025.08.04
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GBP: More consolidation likely - ING
Breaking news
GBP: More consolidation likely - ING
New
2025.08.04 20:01
2025.08.04 20:01
2025.08.04 20:01
The Bank of England's MPC meeting this Thursday might not prompt a major reassessment of the pace of the easing cycle, ING's FX analyst Chris Turner notes.
EUR/GBP may be more comfortable in the 0.8650-0.8700 area
"If that's the case, we doubt EUR/GBP needs to stray too far from the 0.8700 area. Equally, there could be a positive surprise for sterling were the BoE to announce that a lower pace of quantitative tightening - e.g., £75bn per year instead of £100bn - was accompanied by fewer sales of longer-dated Gilts. That could take some pressure off the longer end of the curve and be seen as a positive for UK sovereign risk."
"We tend to think EUR/GBP would be more comfortable in the 0.8650-0.8700 area this week."
Last updated
: 2025.08.04
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EUR/GBP dips as traders reposition ahead of BoE interest rate decision
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2025.08.04 20:59USD/JPY: Sharp drop in USD has scope to extend - UOB Group
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2025.08.04 20:55USD/CAD remains pinned below 1.3800 with hopes of Fed cuts limiting upside attempts
The Canadian Dollar keeps most of the ground it gained on Friday as the US Dollar Index fell about 0.8% as US employment data revealed that job growth increased much less than expected, and data from previous months was revised sharply lower.July's US Nonfarm Payrolls report crushed the view of a re
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2025.08.04 20:52NZD/USD: Any advance is likely part of a higher range of 0.5885/0.5935 - UOB Group
Scope for New Zealand Dollar (NZD) to rise further, but any advance is likely part of a higher range of 0.5885/0.5935. In the longer run, slowdown in momentum indicates that the odds of NZD reaching 0.5845 are low, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.08.04 20:42AUD/USD: Likely to trade in a sideways range of 0.6430/0.6495 - UOB Group
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2025.08.04 20:34Disclaimer:
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