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Mar 07 - 08:55 AM

EUR/GBP - Eyes One-And-A-Half Week Low Before ECB Event Risk

By Rob Howard  —  Mar 07 - 06:55 AM
  • EUR/GBP drops to threaten 0.8537 ahead of ECB event risk nL2N3FL0HG

  • 0.8537 was Tuesday low (lowest level since Feb 23; 0.8529 was low that day)

  • Pound supported by trouble-free UK budget nL2N3FK2ICnL5N3FK60I

  • EUR/GBP might fall further towards 0.8500 if ECB more dovish than expected

  • 0.8500 approximates to last month's six-month low (Feb 14, pre-UK CPI data)

Source:
Refinitiv IFR Research/Market Commentary

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