By Robert Howard — May 20 - 07:18 AM
• Large 0.8410 option expiry for Thursday's NY cut helps to anchor EUR/GBP
• The size of the strike is now 872 million euros (up from 822 million Monday)
• Monday's range was 0.8405-0.8427, when EU-UK reset relations
• 0.8394 was Friday's six-week low. UK inflation data due Wednesday (0600 GMT)
• CPI is forecast to jump to 3.3% YY, from 2.6%. Services CPI f/c 4.8% vs 4.7%
• Majority of MPC, including hawk Pill, set to vote for BoE rate hold in
June
EURGBP
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters