The EUR/GBP It seems to have moved into a post-Brexit era and is pricing interest rate differentials and changing growth expectations with much more confidence now. On that basis, the economists of Societe Generale they hope that the pair drop to 0.8000 for the fall.
The BoE will tighten monetary policy long before the ECB
“EUR / GBP diverged from yields and skyrocketed in 2019 as the EU exit date approached and the domestic political context became more cloudy. Since the initial volatility related to covid subsided, the two lines they have moved in harmony. “
“The likelihood that the UK will tighten monetary policy long before the ECB suggests that EUR / GBP is now more likely to deviate towards the 0.80 zone than upwards at 0.90 “.
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