Markets remain focused on upcoming announcements from the Fed Chair Jerome Powell and the ECB President Christine Lagarde. Economists at ING analyze GBP outlook ahead of the Jackson Hole conference.
EUR/GBP can extend its rally beyond 0.8600 if Lagarde sounds hawkish
For today, the Pound will be moved by Powell and Lagarde.
We think Cable should find good support around 1.2500 in the event of more USD strength, while EUR/GBP can extend its rally beyond 0.8600 if we are right about Lagarde sounding hawkish today
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