Sterling has been performing a little better over the last 24 hours. But in the view of economists at ING, EUR/GBP can turn big again above 0.8900.
Vulnerable to financial sector stress
“If the banking stress story continues to play out a bit further, we can expect a bit of sterling under-performance given the relatively large size of financial services in the UK economy.”
“EUR/GBP could again go big above 0.8900, while GBP/CHF should run to 1.10.”
Watch: UK GDP grows 0.3% MoM in January vs. 0.1% expected
