EUR/GBP to stage a decisive break below the 0.83 level – ING EURGBP BOE Inflation UnitedKingdom Banks
was little moved this morning as annual inflation in the UK hit highest level in three decades at 6.2% in February. Economists at ING expect GBP to remain supported by comments from BoE's Bailey and Chancellor Rishi Sunak.“CPI figures in the UK showed an above-consensus acceleration in inflation. The headline rate reached 6.2% vs the expected 6.0%, and the core advanced to 5.2% in February.”
“We expect a decisive break in EUR/GBP below 0.8300. After that, the next big level to watch is the 0.8200 7 March low.”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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