Market news

7 June 2021

GBP/USD to march forward to the 1.4300 mark – ING

FXStreet reports that economists at ING discuss GBP/USD prospects.

“With the uninspiring May US employment figures giving the Fed an excuse to be patient, the subsequent soft USD dynamics (driven by the deeply negative front real rates – likely to be further underscored by the US May CPI) should keep upside pressure on GBP/USD.

We don’t think concerns whether the full restriction easing is delivered by the 21 June deadline should weigh too much on GBP. Even if the date is postponed the impact on the economic activity should be limited (as any postponement should be just a matter of weeks in our view). This suggests that GBP/USD should keep pushing to the 1.4300 level this week.”

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