The pound is finally finding some stability after a rough couple of weeks. Economists at ING expect the GBP/USD pair to climb back above the 1.25 level.
Seeking more stability
“Some stabilisation in sentiment should offer additional support today, and possibly help a return to the 1.2500 mark in GBP/USD.”
“The market’s overly hawkish expectations on Bank of England tightening and uncertainty around the British economic outlook are set to keep GBP/USD capped in our view.”
“We have a 1.2400 target for cable for the summer months, followed by a very gradual recovery in 2H22.”
