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EUR/GBP Flows − data, BoE approach, cosy ranges still a way off

Thu, Nov 5 2009, 09:32 GMT
by FXMarketAlerts Team

FXMarketAlerts


Published at 09:27 (GMT) 05 Nov

EURGBP

We head into the UK production data as the warm up for the BoE decision with EUR/GBP tucked back below .90 but daily ranges still elevated when compared to what we have become used to since the EUR started trading. With all eyes on the amount (if any) expansion to QE and expectations polarising, we don't suspect an early return to the 'usual' cosy less than 50 point daily spreads that dominated up to just over a year ago. PBPoints

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