EUR/GBP: A more hawkish ECB vs a BoE facing UK recession risks may support the medium-term outlook – Citi EURGBP ECB BOE InterestRate Banks
A more hawkish ECB vs a BoE facing UK recession risks may support the medium-term outlook for EUR vs GBP as ECB keeps financial conditions tighter for longer than most other central banks, including the BoE. This then leads to a significant narrowing in EUR/GBP rate differentials in 2024 and a stronger EUR/GBP cross.
A risk to this more positive EUR view is the lack of a Chinese recovery given Euro area’s closer links to China via the export channel. But this risk is likely outweighed by the sharp and sustained rebound in Euro area’s terms of trade from the lows in August 2022 as Europe successfully weans itself from Russian gas.Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EUR/GBP consolidates below 0.8600 as investors await ECB policyThe EUR/GBP pair is demonstrating directionless performance in the Asian session around 0.8570. The cross is expected to extend its declining spell de
Leer más »
EUR/GBP Price Analysis: ECB concerns, oversold RSI conditions test sellers near 0.8550EUR/GBP Price Analysis: ECB concerns, oversold RSI conditions test sellers near 0.8550 – by anilpanchal7 EURGBP Technical Analysis ChartPatterns SupportResistance ECB
Leer más »
EUR/GBP looks set to settle into a new, slightly higher range – SocGenIFO is not painting an encouraging picture for growth. Kit Juckes, Chief Global FX Strategist, analyzes EUR outlook. China’s holding the Euro up – for
Leer más »
Citi downgrades Goldman Sachs, says targets will take time to be reachedCiti downgraded shares of the investment bank to neutral from buy.
Leer más »
German vs. Verlander as Yankees set to host Mets in latest 'Subway Series'The crosstown rivals split a two-game series at Citi Field in Queens last month.
Leer más »
Pound Sterling climbs swiftly as more rate hikes from BoE are in pipelineThe Pound Sterling (GBP) printed a fresh four-day high on Wednesday as market participants shrug off risk associated with weak economic prospects. The
Leer más »