"We remain bullish on GBP as the USD-positive environment is usually also benefitting GBP" - Danske Bank.
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The Pound might be in a lose-lose situation with investors who see prospective Bank of England rate hikes as supportive and a headwind, but Credit Suisse stick with a bullish forecast.
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GBP/EUR upside dented by ECB rate hike expectations which now anticipate a move as early as late 2022.
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GBP/EUR supported at 1.17, may see new highs if BoE’s inflation stance continues to inspire GBP.
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Gas prices have fallen sharply since Russian President Vladimir Putin said Russia would significantly boost the supply of gas to the European market, a move that has settled foreign exchange market…
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GBP/EUR closed at its highest level since mid-August, lifted by an ongoing outperformance in UK bond yields as investors anticipate higher interest rates at the Bank of England.
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The Pound-to-Euro rate drew bargain hunters when month-end market turbulence pushed it briefly below 1.16 last week, but over the coming days it could set the stage for new 2021 highs to be achieve…
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