ING Bank: The pound may remain stable against the euro this week, and the dollar will dominate the trend of the pound and the United States

On April 3, ING Bank said that the pound may hold steady against the euro this week due to the lack of catalysts in the United Kingdom and the euro zone, while the performance of the dollar will continue to determine the trend of the pound against the dollar GBP/USD.

EUR/GBP could hover around 0.8800 this week, ING analyst Francesco Pesole said in a note. GBP/USD The dollar will continue to drive much of the pair’s volatility this week, with US data in focus. Pesole said key U.S. data include the ISM manufacturing index due tonight, the ISM non-manufacturing index on Wednesday, and the non-farm payrolls report on Friday.