EUR/GBP could slip to 0.72 in the near-term – Westpac

FXStreet (Edinburgh) - In the opinion of Strategist at Westpac Richard Franulovich, the cross could deflate to the 0.72 region in the upcoming weeks.

Key Quotes

“EUR/GBP trading heavier than we expected amid stronger UK wages data, flickers of hawkishness from the BoE minutes and last week’s Inflation Report and polls showing lower odds of a fractured general election outcome”.

“We jettison our cautious GBP view and adopt a more constructive stance for the weeks ahead. EUR/GBP may trade down to 0.72 in coming weeks”.