Jump to content

British Pound (GBP) Forecast: EUR/GBP at the Mercy of ECB


Recommended Posts

Jun 9, 2022 | DailyFX
Warren Venketas, Analyst

POUND STERLING TALKING POINTS

  • ECB rate decision skewed towards more aggressive path.
  • Attention on rising wedge pattern.

British Pound (GBP) Forecast: EUR/GBP at the Mercy of ECB

EUR/GBP FUNDAMENTAL BACKDROP

EUR/GBP looks ahead to the ECB rate decision (see calendar below) for guidance. Markets have been expectant of a more hawkish ECB by way of possibly opening up the possibility for a 50bps rate in in their next meeting in July. Should this come to fruition we would likely see the euro strengthen while an ECB that maintains its current stance will weigh on the EUR across the board. This hawkish prospect stemmed from strong eurozone GDP data along with the persistent long-term inflationary pressure.

 

What are your views on ECB decision rate and the GBP?

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Demo account: Please note that conditions on demo accounts may differ from real accounts. Some brokers may only provide overnight loans on real accounts and not on demo accounts.
    • Swap Rate: Check the swap rates for your open positions. Overnight loans are calculated based on the difference between the interest rates of a currency pair, and if the difference is small or negative, you will not receive a loan.
    • Civic (CVC) emerges as a game-changer in the realm of identity verification, offering a secure and decentralized solution for payment verification between "Identity Verifiers" and "Identity Requesters" within the Civic ecosystem. With its innovative approach and recent developments, Civic is making waves in the cryptocurrency market Payment Verification: Civic's primary use case lies in facilitating payment verification between parties within the Civic ecosystem. By leveraging blockchain technology, Civic provides a secure and transparent method for verifying identities and ensuring trust in transactions.  Integration with Solana Token Extensions: Civic's recent announcement on X revealed that Civic Pass is now integrated with Solana Token Extensions, further enhancing its utility and interoperability within the blockchain ecosystem. This integration opens up new possibilities for Civic's application and adoption.  Civic (CVC) is now listed on Bitget  and other CEX providing users with convenient access to trade and engage with the token. This listing further enhances Civic's visibility and liquidity, attracting new users and investors to the ecosystem. 
×
×
  • Create New...
us