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