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Dec 16 - 11:55 AM

EUR/GBP - Back Below 0.83 Before Expected BoE Hold Thursday

By Rob Howard  —  Dec 16 - 09:55 AM
  • EUR/GBP hits 0.8286 after extending south from 0.8324 (early Europe high)

  • 0.8324 was 2.5 pips shy of Asian session peak (highest level since Nov 29)

  • Drop to 0.8286 influenced by UK services PMI beat; 51.4 vs 51.0 forecast

  • EUR/GBP rose half-a-penny Friday, courtesy of another negative UK GDP print

  • UK OBR forecasts due March 26. BoE rate hold expected Thursday, by 8-1 vote

  • Macron has a new PM, but the same old problems. Scholz seeks snap election

Source:
London Stock Exchange Group | Thomson Reuters

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