EUR/GBP: A 0.8600-0.8700 range may be the story for the majority of October – ING

Noticias del mercado

2 octubre 2023

EUR/GBP: A 0.8600-0.8700 range may be the story for the majority of October – ING

Economists at ING analyze EUR/GBP outlook.

Bank of England survey to help cement expectations for a November pause

EUR/GBP is settling into a 0.8600-0.8700 range and that may be the story for the majority of October.

There are only a few inputs ahead of the next BoE meeting on November 2nd, where we look for unchanged rates at 5.25%. One such input is Thursday's release of the BoE Decision Maker Panel survey, which we think will show a further easing in price pressures. This could prove mildly Sterling negative in that the market is still pricing 18 bps of further BoE tightening over the coming months.

Gold price faces pressure despite soft US PCE inflation, US Manufacturing PMI eyed

USD/THB: Still scope for a move above 37.00 – UOB

Enfoque del mercado

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