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Nov 08 - 11:55 AM

EUR/GBP - Respects One-Week Low Near 0.8300

By Rob Howard  —  Nov 08 - 09:40 AM
  • EUR/GBP elicits support by 0.8307 after falling from 0.8325 (intra-day high)

  • 0.8307 was 1-week low Thursday, after GBP rose on relatively hawkish BoE cut

  • Trump tariff fears are helping weigh on the euro more than the pound

  • Trump last week said the EU would "pay a big price" if he was elected

  • Citi went short EUR/USD on Thursday, initial target 1.0630, stop at 1.0915

  • BoE must look past budget's temporary inflation hit, Pill says nL8N3MF1KI

Source:
Refinitiv IFR Research/Market Commentary

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