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Dec 01 - 09:55 AM

GBP: Staying Long EUR/GBP - Credit Agricole

By eFXdata  —  Dec 01 - 08:30 AM

Credit Agricole CIB Research maintains a long EUR/GBP position via options.

"We remain long EUR/GBP as we expect further market reassessment of the relative policy outlook between the ECB and the BoE to help the EUR-GBP rate spread bounce off the lows," CACIB notes. 

"The GBP is also more sensitivity to risk aversion, which could remain an important FX driver in the very near term," CACIB adds. 

Source:
Crédit Agricole Research/Market Commentary

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