EUR/GBP: Loses momentum as BoE turns hawkish – MUFG MUFG analysts note that EUR/GBP has drifted lower within a 0.8600–0.8800 range as the Pound (GBP) outperforms the Euro (EUR).
EUR/GBP: Loses momentum as BoE turns hawkish – MUFG MUFG analysts note that EUR/GBP has drifted lower within a 0.8600–0.8800 range as the Pound (GBP) outperforms the Euro (EUR). The euro-zone faces weaker PMIs and rising stagflation risks, while stronger United Kingdom (UK) data and sticky inflation have markets pricing more BoE…
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