EUR/GBP continues to trade offered. Economists at ING analyze the pair’s outlook.
A hawkish ECB provides some pushback to the BoE pricing
At least a hawkish European Central Bank (ECB) provides some pushback to the Bank of England (BoE) pricing and we continue to forecast a higher EUR/GBP later this year – once the hot UK inflation story cools.
The EUR/GBP pair may find support here at the 0.8500/8550 area.
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