Let the good Times Roll Targeting 1.36 In GBP/USD, 0.87 In EUR/GBP - ING

ING on sterling

ING FX Strategy Research maintains its tactical bullish bias on GBP in light of the recent progress on the on the settlement of the so called 'divorce bill'.

"While spending 2017 in search for a ray of hope, much like London buses, good news for GBP looks to have come along at once. The Times are reporting that a deal on the Irish border is close to being agreed, while a transition deal - what we describe as the antidote to GBP's uncertainty-driven weakness - could also be approved by Jan-2018.

"The good times look set to roll for GBP - with GBP/$ eyeing up 1.36, while EUR/GBP could move to 0.87 (if it breaks the 200-dma)," ING argues.

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