As we predicted, the rally in GBP in the wake of the highly anticipated BoE rate hike proved short-lived and EUR/GBP has bounced back above 0.89 again.
The risk premium on GBP is likely to remain elevated in the near term as Brexit negotiations move into an important period during the Autumn, and we look for EUR/GBP to remain range bound
The risk premium on GBP is likely to remain elevated in the near term as Brexit negotiations move into an important period during the Autumn, and we look for EUR/GBP to remain range bound