EUR/GBP: Moving towards 0.90 – Danske Bank

Sandeep Kanihama FXStreet Contributor

In view of Vladimir Miklashevsky, senior economist at Danske Bank, EUR/GBP is moving towards 0.90, in line with their expectations with macro surprises continuing to be slightly negative versus the euro area and the global backdrop likely favours a dose of dovishness from the BoE that the ECB will not match.

Key Quotes

“A near-term key event will be how the ECB handles itself at Sintra. We think the bar for surprises is high and continue to expect the EUR leg to push EUR/GBP higher.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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