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Apr 19 - 01:55 PM

EUR/GBP - Key Hurdle Breached, Eyes On 200DMA

By Justin Mcqueen  —  Apr 19 - 12:20 PM
  • EUR/GBP +0.44%, resistance at 0.8585 breached on dovish BoE remarks

  • BoE's Ramsden "inflation risks now tilted to the downside" nL2N3GS1X3

  • Pricing for first BoE cut shifts to Aug from Sep 0#BOEWATCH

  • Still a risk of a June rate cut given two CPI prints before June meeting

  • Close above 0.8585 would be a boost for bulls

  • A break of the 200-DMA (0.8606) can spark fresh upside momentum

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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