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May 20 - 08:55 AM

EUR/GBP - Within Strike Of 0.8410 Before UK Inflation Data

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

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