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