April 29, 2022 - 05:13 PM 319 views
ING economists and the robust eurozone Consumer Price Index (CPI)
data quote that the cable has grown rapidly and now it has acclaimed the 1.25
Currently, the yield curve and the equity markets are the biggest
drivers for sterling, whereas short-term financial goals have gone out of
fashion. In other words, the pound is currently trading on the prospect of
Hopefully, the European Forex market (FX) will get a tiny boost
today if eurozone CPI surprises to the upside and ECB hawks come out in force.
This might push EUR/GBP back to 0.8450/60, but a higher EUR/USD could push
GBP/USD back to 1.2570/2600 on the same day.