GBP/USD: Recovery unlikely to last – ING

The British pound continues to enjoy a renaissance, but analysts at ING would argue that further gains will be harder to come by. 

EUR/GBP may well find support in the 0.8600/8650 area

“The softer dollar environment means that the GBP/USD correction could extend to the 1.1750 area – but we doubt these gains last.”

“The EUR/GBP pair may well find support in the 0.8600/8650 area, with risks tilted towards 0.8800 into next week.”

See: GBP/USD could now test the 1.1760 level – UOB