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Feb 02 - 05:55 AM

EUR/GBP - Near 18-Week High By 0.89 Pre-ECB, BoE Events

By Rob Howard  —  Feb 02 - 03:45 AM
  • EUR/GBP hit 0.8899 in Asia, its highest level since September 29

  • Ascent to 0.8899 spurred by EUR/USD gains on Powell outpacing GBP/USD gains

  • 0.8875 was pre-Fed high Wednesday, after euro zone core inflation above f/c

  • BoE and ECB event risks in pipeline; BoE MPA at 1200 GMT nL8N34H5C8

  • EUR/GBP could jump towards 0.90 if BoE opts for conservative 25 bps hike

  • Focus will then shift to tone of Lagarde's press briefing from 1345 GMT

Source:
Refinitiv IFR Research/Market Commentary

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