GBP/USD to stay soft through March, returning to 1.23/1.25 this summer – ING GBPUSD BOE Banks
may only have 25 bps more of tightening left to do – taking Bank Rate to 4.25%. This is partly because more equivocal speeches from BoE officials and key survey data suggest tightness in the UK labour market is abating.”staying soft through March on the strong Dollar , before broader Dollar weakness sees cable return to 1.23/1.25 this summer.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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