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22 Jan 2024

EUR/GBP has lots of support in the 0.8500/0.8550 area – ING

EUR/GBP has stayed pretty offered. Economists at ING analyze the pair’s outlook.

Sterling may continue to hold gains against the Euro

Given that it is Purchasing Managers Index (PMI) week, Sterling may continue to hold gains against the Euro. This is because the UK's composite PMI is smartly above 50 (last reading 52.2) compared to the Eurozone's (48.0).

The EUR/GBP pair has lots of support in the 0.8500/0.8550 area and our base case assumes this is the bottom of the trading range this quarter.

 

Jan 22, 2024

EUR/GBP improves to near 0.8580 on expected hawkish stance by ECB

EUR/GBP extends its gains for the second successive session on Monday, trading higher near 0.8580 during the European trading hours.
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Jan 22, 2024

USD Index could trade out something like a 103.00-104.00 range – ING

The Dollar looks to be trading in a supported fashion. Economists at ING analyze USD outlook.
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