EURGBP Higher
I think EURGBP higher makes sense here.
narrative wise you have a very hawkish ECB, more comments earlier today from ECB Knot about more hikes and also lagarde later today who will likely be hawkish. Also have the ECB/BOE meeting in two weeks which will likely see people buying EURGBP as the ECB is hawkish and the BoE is quite dovish. The EU economy is also doing relatively okay compared the the UK.
We've had a nice pullback to roughly a support area which should help.
Rate differentials are starting to push a little higher, the VIX is higher and stocks are lower which should see EUR strength on the crosses.
Not trading/investment advise, feedback welcome!
narrative wise you have a very hawkish ECB, more comments earlier today from ECB Knot about more hikes and also lagarde later today who will likely be hawkish. Also have the ECB/BOE meeting in two weeks which will likely see people buying EURGBP as the ECB is hawkish and the BoE is quite dovish. The EU economy is also doing relatively okay compared the the UK.
We've had a nice pullback to roughly a support area which should help.
Rate differentials are starting to push a little higher, the VIX is higher and stocks are lower which should see EUR strength on the crosses.
Not trading/investment advise, feedback welcome!
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