EUR/GBP: Relative rates seen as a positive despite the 50 bps surprise – Danske Bank EURGBP BOE InterestRate Banks
The BoE surprised markets and analysts by hiking policy rates by 50 bps, bringing the Bank Rate to 5.00%.
On balance, we continue to see relative rates as a positive for EUR/GBP from here, which is one of several reasons behind our fundamental predisposition of buying EUR/GBP dips. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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