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May 04 - 01:55 PM

EUR/GBP - Threatens 2023 Low, ECB Sources Signal More Hikes

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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