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22.05.2020 Eur/Gbp Daily Analysis

Eur/Gbp is trading at 0.8942 today, and it is trading low with 0.0014 mainly because The Bank of England (BoE) Governor Dave Ramsdeb said it

Yazar: editor_1

Yayınlanma: 22 Mayıs 2020 16:55

Güncellenme: 15 Aralık 2025 09:47

22.05.2020 Eur/Gbp Daily Analysis

Eur/Gbp is trading at 0.8942 today, and it is trading low with 0.0014 mainly because The Bank of England (BoE) Governor Dave Ramsdeb said it is reasonable to have an open mind on negative rates. BoE was very clear in May statement there are downside risks to post-COVID recovery and went on to sayIt is quite possible BOE will do more QE at June meeting or subsequently.” And this however made the pound gain strength over the euro. Nonetheless today there is an ECB Monetary Policy meeting accounts event which is held 8 times per year, and 4 weeks after the Minimum Bid Rate is announced. If there is more hawkish than expected then işt will be good for the euro and it will affect the Eur/Gbp pair at large.
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