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.”