GBP/USD: 1.2590/1.2620 should be the lower boundary of this week's range – ING GBPUSD EURGBP BOE InterestRate Banks
We look for one more hike to 5.50% in the Bank Rate before the BoE is prepared to go into a formal pause. This all points to a range-bound sterling over the next couple of months, but we retain an upside bias inFor Cable, we see 1.2590/1.2620 as important support and what should be the lower boundary of this week's range.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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