Societe Generale has voiced its optimism about the British Pound's potential for growth, following this week's repricing of higher terminal rates by the Bank of England (BoE).

The bank suggests that a short EUR/GBP position may be the best expression of this perspective, underpinned by expanding rate differentials.

The possibility of the Eurozone's Consumer Price Index (CPI) moderating may also support this view, providing an additional boost to the GBP against the Euro.