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12 Mar 2015
EUR/GBP could reach 0.66 on a 3-6m horizon – Westpac
FXStreet (Edinburgh) - The European cross could extend the march lower and reach 0.66 in the near to medium term, according to Richard Franulovich, Strategist at Westpac.
Key Quotes
“Recent BoE/Carney comments suggest the BoE minutes will have a less dovish narrative, as members coalesce around the view that the disinfl ation shock is something to be looked through”.
“Sub- 0.70 for EUR/GBP just a matter of time with longer term targets such as 0.66 (the 2007 breakout point) not impossible on a 3-6 month horizon”.
Key Quotes
“Recent BoE/Carney comments suggest the BoE minutes will have a less dovish narrative, as members coalesce around the view that the disinfl ation shock is something to be looked through”.
“Sub- 0.70 for EUR/GBP just a matter of time with longer term targets such as 0.66 (the 2007 breakout point) not impossible on a 3-6 month horizon”.