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Felicia Tan
in
Forex
June 16 10:02

ING forecasts GBP decline in June

Fears around Brexit, BOE QE expansion will put pressure on the pound.
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Fears about the UK-EU negotiations for a new comprehensive trade agreement and expectations of new monetary stimulus from the Bank of England are likely to keep GBP under pressure this week, ING believes.
British Prime Minister Boris Johnson held short trade talks with European Commission President Ursula von der Leyen yesterday after his government officially ruled out the extension of the transition period after Brexit, which expires on December 31. After he stated that the possible agreement should reached in July the latest.
EUR/GBP rose by 0.1% to 0.8982 after reaching a two-week high of 0.9026 earlier.