EUR/GBP: A close under 0.8660 could unlock 0.8630 or even 0.8600 – ING

Sterling has been performing a little better of late. Economists at ING analyze GBP outlook.

EUR/GBP could correct a little further

The UK data calendar is light this week, but we do have several BoE speakers. Governor Andrew Bailey already seems to be playing around with language on forward guidance, where restrictive monetary policy will be retained for an 'extended period' or, most recently, 'for quite some time'.

We feel that EUR/GBP could correct a little further and a close under 0.8660 could unlock 0.8630 or even 0.8600 this week.