24 Jul 2014
Credit Agricole: BoE minutes provide catalyst for EUR/GBP short-squeeze - eFXnews
FXStreet (Łódź) - The eFXnews team comment to Credit Agricole’s suggestion that the BoE minutes, released yesterday, provided the necessary catalyst for a short-squeeze in EUR/GBP.
Key quotes
“As our UK economist points out, the intensifying debate amoung members regarding the amount of slack in the UK economy underlies a shifting consensus.”
“Ahead therefore of confirming evidence from the bank’s August forecasts, market should continue to anticipate an earlier BoE policy move lifting GBP.”
“Given our preference for short EUR/GBP over long GBP/USD, the former’s latest bounce provides another selling opportunity.”
'This content has been provided under specific arrangement with eFXnews'.
Key quotes
“As our UK economist points out, the intensifying debate amoung members regarding the amount of slack in the UK economy underlies a shifting consensus.”
“Ahead therefore of confirming evidence from the bank’s August forecasts, market should continue to anticipate an earlier BoE policy move lifting GBP.”
“Given our preference for short EUR/GBP over long GBP/USD, the former’s latest bounce provides another selling opportunity.”
'This content has been provided under specific arrangement with eFXnews'.