• BoE: A 25 bps hike would send EUR/GBP back up towards July’s peak at 0.8650 – SocGen

Noticias del mercado

3 agosto 2023

BoE: A 25 bps hike would send EUR/GBP back up towards July’s peak at 0.8650 – SocGen

EUR/GBP to 0.8650 or 0.8550? Economists at Société Générale analyze how the pair could react to the upcoming Bank of England Interest Rate Decision.  

25 bps MPC hike is likely, and GBP/USD is vulnerable 

A 50 bps hike could push UK pricing back up to a 6% peak, dragging EUR/GBP back towards 0.8550 or so. 

A 25 bps hike would send EUR/GBP back up towards July’s peak at 0.8650, but it could also fuel speculation that this was the last hike of the cycle.

If the market prices greater confidence in the ECB reaching 4%, than the UK MPC getting above 4%, EUR/GBP has more upside and in the current climate, GBP/USD is very vulnerable.

See – BoE Preview: Forecasts from 10 major banks, 25 bps or 50 bps? That is the question

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: