EUR/USD: ‘In EUR We Trust’; GBP/USD: Conviction Call For A Rally To 1.40 – ING

ING Research discusses EUR/USD, and GBP/USD outlook and maintains a strong bullish bias on the 2 pairs through Q1 of 2018.
"Bear trend in $/Asia re-introduces EUR demand from Asian CBs. Intervention to buy USD is re-cycled into EUR, similar to 2005-07....

Our conviction call is for GBP/USD to rally to 1.40 in 1Q18 on an agreed Brexit transition deal and hawkish BoE policy re-pricing," ING argues.

Source: ING Global Markets ResearchOriginal Article