EUR/USD may struggle to climb back to the 1.0800 handle – ING

Economists at ING point out the possible next moves in the EUR/USD and EUR/GBP.

EUR/GBP could test 0.8800 in the near term

“EUR/USD may struggle to climb back to the 1.0800 handle just yet.”

“Weakness in the Euro is endorsing the recent drop in EUR/GBP, and 0.8800 might be tested in the near term. Still, we don’t see the pair’s depreciation as sustainable given the grim economic outlook for the UK and no clear policy divergence.”

See – EUR/USD: 1.07 is clearly not a hard floor – Commerzbank

Feb 9, 2023

BoE's Bailey: We expect inflation to come down rapidly this year

Bank of England (BoE) Chief Economist Huw Pill and policymaker Jonathan Haskel are testifying before the UK Treasury Select Committee alongside Govern

BoE's Bailey: We need to see more evidence of inflation pressures easing

Bank of England (BoE) Chief Economist Huw Pill and policymaker Jonathan Haskel are testifying before the UK Treasury Select Committee alongside Govern