GBP/USD remains biased back to the recent lows near 1.2050

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Economists at ING analyze GBP outlook. EUR/GBP could retest 0.8700/8710 Sterling is rather a sideshow at the moment given that investors are largely p

reoccupied with events in the Middle East and whether the Fed is embarking on a somewhat less hawkish narrative.

The difficult international environment should mean that . Any upside surprise to UK price data this week looks more like it will be played out in EUR/GBP – where a retest of 0.8700/8710 could be seen.

 

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