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Apr 14 - 06:55 AM

EUR/GBP - Pivots 0.83 Ahead Of ECB Event Risk

By Rob Howard  —  Apr 14 - 05:25 AM
  • EUR/GBP has traded a 14 pip range thus far Thursday; 0.8296-0.8310

  • The base of that range is the lowest level since March 8

  • 0.8280 was March 8 low (0.8204 was 69-month low on March 7)

  • ECB policy decision at 1145 GMT; Lagarde briefing starts 1230 GMT

  • See: nL2N2WC0A7. Hawkish ECB/Lagarde could lend support to euro

  • 25 bps BoE hike expected May 5. UK local elections on May 5 too nL2N2WC0J2

EURGBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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