GBP/USD set to plummet to the 1.2850 area – ING GBPUSD BOE Banks
“Most of us think that the six BoE hikes priced by the market for this year are way too aggressive. But until the market is disabused of this notion – and this may not take place next week – GBP can probably hold onto its gains.”drifting a little lower, but remain more worried by GBP/USD. It has failed to recover above previous support levels at 1.3150/3180 and given our strong preference for dollars currently, 1.2850 remains a realistic target near-term.
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