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Mar 06 - 11:55 AM

EUR/GBP - Inflated By Hawkish Steer From Austrian CB Chief

By Rob Howard  —  Mar 06 - 09:35 AM
  • EUR/GBP rises to 0.8881 following hawkish steer from Austrian CB chief

  • Holzmann calls for ECB to raise policy rate to 4.5% via four 50 bps hikes

  • 0.8881 is highest level since Thursday (0.8892 was high that day)

  • ECB meets next week (March 16); 50 bps rate increase to 3% expected

  • 0.8896 was EUR/GBP high last week, after dovish steer from BoE's Bailey

  • Next BoE rate decision March 23: 25 bps hike to 4.25% is consensus forecast

Source:
Refinitiv IFR Research/Market Commentary

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