ING: Pound's Short-Term Rally Unlikely to Last, Euro Rebound Expected Soon

金十2026/03/05 08:31

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Golden Ten Data reported on March 5 that Chris Turner from ING Group pointed out in a report that the recent strength of the pound against the euro reflects a repositioning, but its rally is unlikely to be sustained. He stated that asset management companies currently hold significant net short positions in the pound, betting that the pound will decline. At the same time, they also hold long positions in the euro, expecting the euro to rise. The market has already lowered its expectations for a rate cut by the Bank of England, which provides further support for the pound. Although ING Group currently expects the Bank of England to cut rates in April rather than March, it still anticipates two rate cuts this year. Turner believes this will push the euro-pound exchange rate back above 0.88 pounds.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to media reports, Anthropic is considering renting up to 1GW of computing power from Stream Data Centers. The data center developer indicated that deploying a full 1GW of computing power would require an investment of at least 40 billion USD. Anthropic needs to provide financial guarantees for this lease and separately raise funds for the installed chips.

华尔街见闻•2026/09/25 22:06

With US Treasury yields rising and expectations of further rate hikes, bitcoin has surged 45% since July.

AiCoin•2026/09/25 21:51

Meta lost the lawsuit and may face a record fine of up to 219 billions dollars.

Meta lost a lawsuit in New Mexico, USA. The jury found that Meta engaged in deceptive practices regarding public communications and data privacy policies, violating state laws. The New Mexico Attorney General described the verdict as a "milestone moment" in holding tech giants accountable and will petition the court to impose a maximum civil fine of $219 billion on Meta. Meta stated that it disagrees with the verdict and will continue to defend itself.

华尔街见闻•2026/09/25 21:41