GBP/USD could edge up to 1.2670/1.2680 today – ING
Source Fxstreet
GBP/USD struggles to to recover. Economists at ING analyze the pair’s outlook.
Fiscal stimulus?
The Resolution Foundation has today released a report suggesting that UK Chancellor Jeremy Hunt has £23bn of fiscal headroom for stimulus at the 6 March budget.
The 6 March UK budget could also throw up some wild cards on incentives of UK pension funds to invest in UK asset markets. The decline of London's ability to attract major listings has been well-documented and some incentives here – including the additional concept of a British Individual Saving Account – could prove something of a wild card to Sterling's prospects.
A softer Dollar environment could see GBP/USD edge up to 1.2670/1.2680 today, but we would not chase the move higher.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookGet a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.
Get a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
Bitcoin Price Forecast: Persistent ETF inflows, easing Middle East tensions lift risk appetiteBitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
Bitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
As of the European session on August 7, gold prices ( XAUUSD) extended their recent strong performance, rising over 1% intraday to briefly cross the $4,300 mark. With a cumulative gain of
WTI advances above $82.50 due to mixed signals regarding potential US-Iran dealWest Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $82.70 per barrel during the Asian hours on Wednesday. Crude oil prices advance as investors weigh mixed signals regarding a potential deal between the United States (US) and Iran.
West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $82.70 per barrel during the Asian hours on Wednesday. Crude oil prices advance as investors weigh mixed signals regarding a potential deal between the United States (US) and Iran.
Related Instrument
