GBP/USD: Impact of new Northern Ireland deal may be only short-lived – ING

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GBP/USD: Impact of new Northern Ireland deal may be only short-lived – ING
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GBP/USD: Impact of new Northern Ireland deal may be only short-lived – ING GBPUSD Brexit BOE Banks

GBP may continue to prove more resilient than other pro-cyclical currencies

“It seems hard that the Pound will find sustained support simply based on the new NI deal. The central bank story should instead remain the most central driver of GBP, and given the lack of data today, markets will watch three“Markets are definitely swinging on the hawkish side, expecting a total of 80 bps of tightening before reaching a peak.

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