EUR/GBP: The rise will be slow – SocGen
|Kit Juckes, Chief Global FX Strategist at Société Générale, expects the EUR/GBP to move gradually higher.
BoE’s MPC to cut rates by 1% more than the ECB
We expect the BoE’s MPC to cut rates by 1% more than the ECB, whereas the market prices the gap between the two to remain constant.
GBP will weaken, though everyone is so bearish already that the rise in EUR/GBP will be slow.
See: It is not certain EUR/GBP has to trade up to 0.8800 just yet – ING
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