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Feb 02 - 06:55 AM

EUR/GBP - Vaults 0.89 Ahead Of ECB And BoE Event Risks

By Rob Howard  —  Feb 02 - 05:30 AM
  • EUR/GBP climbs to 0.8920 ahead of ECB and BoE event risks nL8N34H5C8

  • 0.8920 is highest level since September 29 (0.8976 was high that day)

  • Ascent to 0.8920 fuelled by risk of dovish BoE hike/ultra-hawkish Lagarde

  • Money markets currently see 90% chance of 50 bps BoE rate rise at 1200 GMT

  • EUR/GBP could rise further if BoE opts for 25 bps instead nL1N34H0QA

  • Hike size rests on shoulders of seven of the nine MPC members nL1N3490DE

Source:
Refinitiv IFR Research/Market Commentary

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