EUR/GBP: Rate-driven Sterling rally increases the chance of a test of parity in next couple of years – SocGen EURGBP BOE InterestRate Banks
We might get below 0.85 as we wait for the MPC meeting on Thursday, and we might stay below 0.90 for much of the rest of the year, but EUR/GBP will continue to grind lower on the days when we watch rates and jump higher when we assess the economic damage the hikes will cause.
Perversely, the current rate-driven Sterling rally increases the chance of a test of EUR/GBP parity in the next couple of years.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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