GBP/USD to test the psychological 1.30 support – ING

Dollar strength continues to put pressure on cable, which saw an important technical break below the 1.3160 December 2021 lows on Monday. Economists at ING expect the GBP/USD pair to approach the 1.30 level.

EUR/GBP to retest the 0.8200 support in the coming days 

“GBP/USD is currently pressing 1.3100 and could soon be testing the psychological 1.3000 support, a level last seen in November 2020.”

“EUR’s biggest exposure to the conflict and potential Russia retaliation on the energy supply could soon force EUR/GBP to re-test the 0.8200 support in the coming days.”