By Justin Mcqueen — May 04 - 12:05 PM
EUR/GBP slips to 1-month low (0.8746) opening door to YTD low (0.8719)
ECB's 25bps hike disappoints calls for 50bps, weighing on Euro nL1N3701WT
Rate differentials continue to favour GBP over Euro
ECB sources: Some officials see 2-3 more hikes going forward nL1N3712FG
Markets price in a 67% chance of a 25bps June ECB rate hike 0#ECBWATCH
Key support at 200DMA (0.8729) adds protection for 2023 low
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Source:
Refinitiv IFR Research/Market Commentary