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Jan 10 - 01:55 PM

EUR/GBP - Range Intact, EZ-UK Rate Spreads Favours Upside

By Justin Mcqueen  —  Jan 10 - 12:00 PM
  • EUR/GBP reclaims 0.86, ECB's Schnabel says "too early to discuss rate cuts"

  • However, data remains key to ECB action. Rate cut debate shifts to Q2

  • Q4 parameters of 0.8550-0.8770 defines current range

  • EZ/UK yield spreads favour Euro upside, maintaining current range

  • COMMENT-SocGen likes this simple EUR/GBP option nL1N3E00T3

  • Near-term risk events include UK GDP (Jan 12)

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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