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May 20 - 06:55 AM

EUR/GBP - Holds Below 0.85 After UK Retail Sales Data Beat

By Rob Howard  —  May 20 - 04:45 AM
  • EUR/GBP falls to 0.8465 following April's positive UK retail sales number

  • Up 1.4% month-on-month vs -0.2% f/c nL5N2XC0ZP. 0.8465 = intra-day low

  • 0.8496 was three-day high in Asia (before the UK retail sales data)

  • 0.8395 was 2-week low Tuesday, before hawkish Knot lifted euro nA5N2W500H

  • Money markets price in 50% chance of 50 bps July ECB hike nL5N2XC1D9

  • BoE's Pill sees need for further interest rate rises nL5N2XC1I0

EURGBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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