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Apr 26 - 01:55 PM

EUR/GBP - Wider EZ/GB Rate Spread Raises Downside Risks For EUR/GBP

By Justin Mcqueen  —  Apr 26 - 12:25 PM
  • EUR/GBP grinds higher, however, topside momentum is slowing

  • Struggle to close above Mar 23 peak (0.8864) provides bears with hope

  • Divergence between cross and EZ/GB 5yr rate spread raises downside risks

  • Risk event to dictate EUR/GBP will be Friday's regional EZ CPI readings

  • CPI figures to determine size of next ECB hike0#ECBWATCH

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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