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Feb 24 - 02:55 PM

GBP/USD: We Think Support Levels Around 1.1850/1.1950 May Hold Over The Next Couple Of Weeks - ING

By eFXdata  —  Feb 24 - 01:30 PM

ING Research discusses GBP/USD and sees a limited scope for further downside in the near-term. 

"Slightly better growth prospects, sticky inflation and some further monetary tightening are the story across the US, the eurozone and the UK at the moment –  suggesting bilateral FX rates do not need to move too much. This has seen three-month GBP/USD implied volatility drift under 10% and would tend to favour more modest moves in the spot," ING notes. 

"We think support levels at 1.1850/1950 may hold over the next couple of weeks," ING adds. 

ING Research/Market Commentary


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