Market news
08.07.2021, 07:00

EUR/GBP: Difficult to see a catalyst for a significant break lower – Rabobank

FXStreet reports that in the view of economists at Rabobank, EUR/GBP can creep towards the 0.84 level on a 6 month view. 

“Although there is evidence that the vaccination programme has significantly diluted the link between vaccination and hospitalisation, this has the potential to impact consumer confidence and activity. This is likely to underpin the BoE’s cautious tone and its central expectation that this year’s spike in CPI inflation will be transitory. As such, we expect steady rates from the Bank until 2023.”

“Although the scheduled completion of the Bank’s QE programme at the end of the year could provide GBP some support, it could take some time for EUR/GBP to find the incentive to break lower. UK monthly May GDP and production data due later this week may provide a little fresh direction for the pound.”

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location