FX Daily: Calm ahead of the ECB – MENAFN.COM
- Date: 21-Jul-2021
- Source: MENAFN
- Sector:Financial Markets
- Country:Middle East
FX Daily: Calm ahead of the ECB – MENAFN.COM
(MENAFN - ING)There is some tentative stability in markets after the sell-off on Monday. We look for calmer trading in FX markets today ahead of the European Central Bank meeting tomorrow. The recent dip in sterling brought EUR/GBP into overvalued territory, suggesting limited room for more pronounced upside from here