EUR/GBP is looking more comfortable at the lower end of a 0.8600-0.8700 range, ING's FX analyst Chris Turner notes.
GBP/USD may stay bid this week
"Driving that is newfound and credible hawkishness from the Bank of England, which now has the market pricing just 50bp of further easing. This compares to the approximate 125bp easing priced for the Fed through 2026."
"Some sticky UK inflation for July looks unlikely to alter the market's view of the BoE over the coming days. This should keep GBP/USD bid this week, where a break of 1.3585/3600 could see 1.3680/3700 by the end of the week."
"One wild card this week is Fitch's UK sovereign rating review after the close this Friday. More on that later this week."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Don't Miss Walmart's Aug 21 Earnings: $0.73 EPS Forecast, Grocery + E-Com Dual Engines – Unlimited Upside Potential?
TradingKey - Walmart's stock price has shown an overall fluctuating upward trend since the release of its first-quarter earnings report, benefiting from investors' favoritism towards Walmart as a defensive stock, as well as expectations for its stable growth in e-commerce and grocery businesses.TradingKey
7 hours ago
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed ChairTradingKey
7 hours ago
Eurozone July HICP Preview: ECB Likely to Continue Rate Cuts
TradingKey - On 20 August 2025, the Eurozone will release its July Harmonised Index of Consumer Prices (HICP) data. Market consensus anticipates the headline HICP to rise by 2% year-on-year, with the core HICP increasing by 2.3% year-on-year, both unchanged from the previous month. Since the start..TradingKey
7 hours ago
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...TradingKey
8 hours ago
Bridgewater Associates Q2 2025 13F Analysis: Founder Ray Dalio’s Final Act
TradingKey - Bridgewater Associates, the world’s largest hedge fund and renowned for its macroeconomic analysis, continues to command market respect with its “risk parity” strategy and precise economic cycle timing.TradingKey
Thu, Aug 14
