5 Aug 2015
EUR/GBP minor recovery short lived ahead of BoE?
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.6982 with a high of 0.6999 and a low of 0.6950.
EUR/GBP is weighed by the divergence between the ECB ands BoE with sentiment for a rate hike to come from the BoE for sometime in 2016. Some analysts have even sighted as early as this year for a rate hike. Tomorrow brings the BoE that will not just bring the MPC decision but also the minutes of the policy meeting in addition to the Quarterly Inflation Report.
Greek officials hitting the wires saying that August 20th deadline is achievable for an agreement between Greece and creditors after EU's Junker said this Aug 20th is going to be the deadline. Technically, Karen Jones, chief analyst at Commerzbank explained that a longer term negative bias is entrenched below the 2015 downtrend located at 0.7186.
EUR/GBP is weighed by the divergence between the ECB ands BoE with sentiment for a rate hike to come from the BoE for sometime in 2016. Some analysts have even sighted as early as this year for a rate hike. Tomorrow brings the BoE that will not just bring the MPC decision but also the minutes of the policy meeting in addition to the Quarterly Inflation Report.
Greek officials hitting the wires saying that August 20th deadline is achievable for an agreement between Greece and creditors after EU's Junker said this Aug 20th is going to be the deadline. Technically, Karen Jones, chief analyst at Commerzbank explained that a longer term negative bias is entrenched below the 2015 downtrend located at 0.7186.