eFXdata | 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

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