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Oct 21 - 07:55 AM
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EUR/GBP - Down To 17-Month Low On Hot UK CPI, French Bond Woe
By Robert Howard — Oct 21 - 05:52 AM
• EUR/GBP falls to 0.8373, its lowest level since May 2025
• Pound benefits from hawkish BoE expectations after hot UK CPI data
• BoE rate hike expected on Nov 5 (ECB rate hold expected next week)
• Euro weighed down by French debt concerns, higher gas prices
• 10-year French government bond yield rises to 5%, highest since 2002
• Pound set for biggest monthly gain against euro since May
2023
EURGBP
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters