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Feb 12 - 08:55 AM

EUR/GBP - Set For Smallest Weekly Range Since June 2007

By Rob Howard  —  Feb 12 - 06:51 AM
  • EUR/GBP has traded a meagre 45 pip range so far this week, 0.8752-0.8797

  • If it holds into weekend, it will be smallest weekly range since June 2007

  • Calm follows last week's penny drop to nine-month low of 0.8739 (Feb 5)

  • Drop fuelled by BoE's negative rate guidance and upbeat Q2+ GDP forecasts

  • 30 of 34 economists say negative BoE rates unlikely/very unlikely-Rtrs poll

  • See: nL8N2KH4VR. UK GDP grew by 1% in Q4 2020 nL8N2KI1UVnL1N2KI0C6

EURGBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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