- Analytics
- News and Tools
- Market News
- EURGBP: The recent 0.86-0.89 range will continue to define the path in the near-term – Barclays
EURGBP: The recent 0.86-0.89 range will continue to define the path in the near-term – Barclays
Economists at Barclays Research expect the EURGBP to continue moving within a 0.86-0.89 range as the Bank of England misses to offer support to the Pound.
British economy set to shrink 0.5% in Q3 2022
“GBP received little support from the BoE last week which yet again pushed against what they see as excessive market pricing. Accordingly, the recent 0.86-0.89 range will likely continue to define the sterling path versus the EUR in the near-term.”
"We expect Q3 GDP to print at -0.5% QoQ, echoing the Bank’s forecast. This week, however, we expect GBP to be more driven by the broad Dollar, with focus on US CPI. While near-term China reopening signals will bring a pause in the broad Dollar, the gloomy outlook and the monetary divergence still caps sterling from a long-term perspective.”.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
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.
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 teletrade.org. 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 pr@teletrade.global.
Bank transfers
