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Sep 23 - 06:55 PM

EUR/GBP: Shorts Attractive For 0.83 - SEB

By eFXdata  —  Sep 23 - 03:00 PM

SEB Research likes short EUR/GBP exposure in spot for a move towards 0.83.

"We expected EUR/GBP to head lower which turned out correct and in June we recommended a range trade that also delivered. This time we once gain believe in the downside as BOE seems ready to first stop its APF program ahead of time and then hike in May 2022," SEB notes.

"As the market has rewarded currencies with central bank support, we expect EUR/GBP to resume a clearer trend lower targeting 0.83 and would stop the trade on a break above July highs at 0.8650," SEB adds.

Source:
SEB Research/Market Commentary

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