GBP/USD remains vulnerable to the 1.14/15 area on tough summer for equities – ING

GBP/USD hit its lowest level since March 2020 under 1.19 on Tuesday. Economists at ING highlight that cable could fall as low as 1.15/14. 

EUR/GBP can continue to trade near 0.86

“EUR/GBP can continue to trade near 0.8600, but a 2% dollar advance puts cable down near the 1.17 area.”

“A tough summer for equities suggests cable remains vulnerable to the 1.14/15 area.”