- Analytics
- News and Tools
- Market News
- EUR/GBP: Room open to further falls – MUFG
EUR/GBP: Room open to further falls – MUFG
EUR/GBP has declined to the lower end of the 0.86-0.87 range. Economists at MUFG Bank analyze the pair’s outlook.
Risks are skewed to the downside
The market is now priced for the BoE to cut by 25 bps in August next year which is later than both the ECB and the Fed.
The shift in thinking on the ECB given the recent evidence of faster declines in inflation does leave EUR/GBP open to further falls as a divergence in inflation and therefore policy expectations widens further.
EUR/GBP has dropped through its 50, 100 and 200-DMAs in the last five trading days and risks are skewed to the downside for now.
© 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
