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Apr 14 - 07:55 AM

GBP/USD - GBP/EUR Drops To Threaten 1.13 As Euro Outperforms Sterling

By Rob Howard  —  Apr 14 - 05:35 AM
  • EUR/GBP eyes 0.8850 after adding to recent gains. 0.8850 = GBP/EUR 1.13

  • 0.8837 was Thursday's three-week high, after EUR/USD outperformed GBP/USD

  • EUR/GBP supported by expectation ECB to hike more than BoE through autumn

  • ECB set for 25 or 50 bps hike May 4; BoE set for 25 bps hike or hold May 11

  • Resistance levels beyond 0.8850 include 0.8864 (March 23 high) and 0.8900

Source:
Refinitiv IFR Research/Market Commentary

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