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19 Oct 2022

GBP/USD: A return to sub-1.10 levels is on the cards – ING

GBP/USD is trading under pressure below 1.1300. In the view of economists at ING, the pair could trade back below the 1.10 level.

GBP downside risks persist

“We still struggle to see a return to 1.15+ levels in cable, as a combination of political instability, risks of a deeper recession and smaller rate hikes by the BoE along the path of fiscal rigour – along with a strong dollar - may more than offset the benefits of quieter debt-related concerns.”

“It’s too early to dismiss a return to sub-1.10 levels.”

 

Oct 19, 2022

USD/JPY: A move to 150.00 should not be ruled out – UOB

Despite the current overbought conditions, USD/JPY could still attempt a move to the 150.00 region in the short term, note UOB Group’s Markets Strateg
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Oct 19, 2022

German Economy Minstry presents plans for skimming power prices for Nov. 18

German Economy Ministry presented a draft document, citing that the cabinet should talk about power and gas prices brakes on November 18. Key takeaway
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