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Aug 17 - 02:55 PM

GBP: Underwhelming; EUR/GBP Likely In 0.8450-0.8550 Range With Low Volatility N-Term - ING

By eFXdata  —  Aug 17 - 01:30 PM

ING Research discusses GBP outlook and sees EUR/GBP trapped in 0.8450-0.8550 in the near-term.

"GBP has slipped into subdued trading after failing to hold onto gains last week. Today's June employment data understandably has delivered little fresh news with the market instead waiting for this autumn to see the end of furlough schemes and how much unemployment rises then," ING notes. 

"0.8450-0.8550 may now be the broad boundaries of a EUR/GBP range, with low volatility potentially extending into September," ING adds. 

ING Research/Market Commentary


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