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EUR/GBP very much on the radar today
Yesterday, as reported here at the time, the EUR/GBP fell back close to the 0.8400 handle. The low seen ahead of the Fed policy decision came yesterday afternoon, at 0.8404 and it was already on the rebound ahead of that event. So, that 0.8400 has remained intact again. The Euro closed last night at 0.8414. The range seen so far today has been covered by 0.8410 to 0.8420. That is pretty tight by recent standards, but make no mistake, it is unlikely to hold with the BOE policy decision due later. The BOE has it in its power to push this one down to a fresh 2024 low, or refuse that move again. It is all to pay for on this one today and it is very much on the market radar as the day unfolds. The EUR/GBP is currently trading at 0.8415
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