Stronger EUR/USD could carry GBP/USD back to the 1.2570/2600 area – ING GBPUSD CPI Banks EURUSD Eurozone
“Short-term financial fair value models have gone a little awry, where yield curves and equity markets are now bigger drivers of sterling than rate differentials. In other words, it looks as though sterling is being traded more on growth prospects at the moment.”
“European FX could get a small lift today if eurozone CPI surprises on the upside and the ECB hawks come out in force. That could carry EUR/GBP back to 0.8450/60, but a stronger EUR/USD could carry GBP/USD back to the 1.2570/2600 area on the day.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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