Sterling Could Fall Further as Investors Cut Long Positions Even More
The global bond market selloff has spread to gilts and prompted investors to trim overweight sterling positions, ING said, but it expects the rise in EUR/GBP to be capped at 0.8500 and sees GBP/USD staying above 1.2000.
The global bond market selloff has spread to gilts and prompted investors to trim overweight sterling positions, ING said, but it expects the rise in EUR/GBP to be capped at 0.8500 and sees GBP/USD staying above 1.2000.
