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Nov 18 - 06:55 AM

EUR/GBP - Holds Close To 21-Month Low On BoE Vs ECB Contrast

By Rob Howard  —  Nov 18 - 04:47 AM
  • EUR/GBP has held sub-0.84 thus far Thursday, with 0.8384 marking traded low

  • 0.8384 = lowest level since Feb 2020 (0.8385 was Wednesday's low)

  • Contrasting BoE and ECB interest rate outlooks are weighing on EUR/GBP

  • BoE hikes expected over next 12 months vs ECB hike pushback nL1N2S71R7

  • EUR/GBP bear targets include 0.8333 (GBP/EUR 1.20), 0.8300 and 0.8282

  • 0.8282 was Feb 2020 low (before pandemic-spurred jump to 0.95 in March 2020)

EURGBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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