EUR/GBP to drop substantially below 0.84 if BoE sets on a tightening path – Scotiabank
|EUR/GBP nears 0.84. If the Bank of England (BoE) lays out a tightening path in its next week's meeting, the pair would slide below the mentioned 0.84 level.
EUR/GBP to suffer a major fall below 0.84
“Next week may see the EUR/GBP firmly fall under the 0.84 mark if the BoE sets on a tightening path.”
“EUR/GBP is nearing key support at 0.84 after it held through multiple sessions to the 0.8420 mark. Below 0.84, only big figure psychological and 0.8277/82 (2019/2020 lows) support stand.”
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