- Analytics
- News and Tools
- Market News
- EUR to see tactical relief, pushing EUR/GBP higher – Goldman Sachs
EUR to see tactical relief, pushing EUR/GBP higher – Goldman Sachs
Analysts at Goldman Sachs offer an encouraging picture for the euro, providing some respite to bulls while advocating further upside in EUR/GBP.
Key quotes
"Last week's ECB meeting initially seemed to send a dovish message, with a policy path that was essentially unchanged from earlier in the year, despite significant upside inflation surprises since that time.”
“However, ECB speakers have since emphasized that a rate hike over the summer is still possible under the latest guidance. At the meeting, President Lagarde noted downside risks to the activity outlook, but recent developments look a bit more market-positive. President Macron has been re-elected, which should be net positive for EUR.”
"At the same time, the flash reading of the April PMIs suggest that reopening momentum in the services sector has more than offset the impact of renewed supply chain disruptions on the manufacturing side, with both adding to inflationary pressures. With this in mind, we see room for some tactical relief for the Euro, including further EUR/GBP upside."
© 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
