seemed to come lower yesterday on stress in the Europan banking sector. Hoever, a 50 bps rate hike by the ECB could lift the pair above 0.88, economists at ING report.“Once again, the performance of the European banking sector will probably determine the EUR/GBP performance over the near term – although should the
be able to credibly hike 50 bps today without unnerving banking stocks, EUR/GBP can push back above 0.8800.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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