- Analytics
- News and Tools
- Market News
- EUR/GBP: Limited downside from current levels just below 0.83 – MUFG
EUR/GBP: Limited downside from current levels just below 0.83 – MUFG
Economists at MUFG Bank expect the Bank of England (BoE) to disappoint markets. Consequently, they see little room for dips below 0.83 in the EUR/GBP pair.
Two further 25bp rate hikes by the BoE and then a pause
“We are not convinced the BoE will be in a position to deliver what is priced into the market with growth likely to be very weak through the remainder of this year.”
“We assume two further 25bp rate hikes by the BoE and then a pause. It’s one reason why we see limited downside for EUR/GBP from current levels just below 0.8300.”
See – EUR/GBP: Any dips to the 0.8250 area could be the low point of the year – ING
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
