Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
EUR/GBP: ING notes BoE's cautious stance is bolstering the pair

EUR/GBP: ING notes BoE's cautious stance is bolstering the pair

101 finance101 finance2026/04/14 10:33
By:101 finance

Bank of England's Stance Shapes EUR/GBP Forecast

Francesco Pesole, a strategist at ING, highlights that Bank of England Governor Andrew Bailey, along with Monetary Policy Committee members Catherine Mann and Megan Greene, are scheduled to speak today. While Mann is known for her hawkish views, Greene has recently adopted a more moderate perspective. ING anticipates that Bailey will indicate a preference for holding rates steady, and the firm continues to predict that the BoE will refrain from additional rate hikes this year. This outlook aligns with their expectation for the EUR/GBP exchange rate to reach 0.88.

Expectations for BoE Policy and Market Impact

Governor Bailey is set to address an audience in New York later today, following earlier remarks from the committee’s most hawkish members, Mann and Greene. Notably, Greene has recently emphasized the complex effects of rising inflation and weaker demand resulting from the oil price shock, suggesting a more nuanced approach.

It is likely that Bailey will also strike a measured tone, subtly indicating that maintaining the current policy stance is favored at this time.

ING maintains its position that the Bank of England is unlikely to raise interest rates further this year—despite market expectations of a 45 basis point increase by year-end—which supports their projection for EUR/GBP to move toward 0.88.

(This report was produced with assistance from an AI tool and subsequently reviewed by an editor.)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Tech, Media & Telecom Roundup: Market Talk

Dow Jones2026/09/14 08:20

VIPMiddle East Tensions Raise Rate Risks but May Create Buying Opportunities

1. The sharp escalation in Middle East tensions pushed Brent crude to multi-year highs of $105–$107 per barrel, reviving inflation expectations. The 10-year U.S. Treasury yield surged to 4.94%, its highest level since 2023, while the implied probability of a rate hike at the September 16 policy meeting to the 3.75%–4.00% range rose from 48.4% one month ago to 67.1%. 2. Rising oil prices and rate-hike expectations weighed on most risk assets, but historical data suggest that this is more likely to be a short-term adjustment than a reversal of the broader trend. Bitcoin fell 3.36% this week and the S&P 500 declined 1.64%, while gold slipped just 0.96%. Outside the energy sector, markets are largely repricing ahead of next week's expected rate decision. 3. PoolX has recently introduced a long-term holding bonus, significantly improving effective returns for users who maintain assets on the platform over time. The core participation rules remain unchanged; the update adds an additional boost to the effective locked amount for users with qualifying long-term holdings. In the example provided, a user locking 1000 ETH would see the estimated reward increase from 1666.67 USDT to 2500 USDT, or about 50%, while the reference APR rises from 4.93% to 7.40%. Assets to watch: BTC, ETH, SOL, Brent crude, WTI crude, gold, 10-year U.S. Treasuries, RAY, ZEC, LEN, CCL.

Bitget2026/09/14 08:10
Middle East Tensions Raise Rate Risks but May Create Buying Opportunities