- EUR/GBP may have another go at breaking above 0.87 – SocGen
Notícias do Mercado
20 setembro 2023
EUR/GBP may have another go at breaking above 0.87 – SocGen
Soft UK CPI are hurting GBP, Kit Juckes, Chief Global FX Strategist at Société Générale, reports.
Rate rethink is dragging the Pound lower
UK inflation came in lower than expected at 6.7% headline and 6.2% core. The core rate is 0.7% lower than it was in July.
With wage growth too strong and the labour market tight, the Bank of England’s MPC is unlikely to decide to leave rates on hold, but the market has scaled back expectations of a further hike later in the year and that has added to downward pressure to the Pound.
GBP/USD has 1.20 in its sights, and EUR/GBP may have another go at breaking above 0.87.
O foco de 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 disclaimerAbrir Conta Demo e Página Pessoal