Bottom line on Brexit and the pound - ING

Analysts at ING forecast the pound higher despite Brexit concerns.

Key Quotes:

"Despite the potential for negative Brexit-headline risks for GBP over the coming weeks, it would be remiss to ignore the potential for a sharp bounce back in the event of a favourable outcome - in this case, visible progression towards an agreed Brexit transition deal. 

We would look for GBP/USD to move sharply above 1.40 (our 1-month target is 1.43), while in a similar vein, EUR/GBP could fall back towards the lower-end of the broad 0.85-0.90 trading range."