EUR/GBP could again go higher above 0.8900 – ING

Published On: March 11, 2023

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

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