OctaFX | OctaFX Forex Broker
Sign in
Open account
Back

EUR/GBP attention to the downside – Danske Bank

FXStreet (Edinburgh) - The cross could well resume its previous decline in light of today’s BoE minutes, suggested Flemming Nielsen, Senior Analyst at Danske Bank.

Key Quotes

EUR/GBP currently trades very close to our short-term financial model’s fair value estimate of 0.80”.

“According to our short-term financial model, a 10bp increase in relative rates (2-year swap spread) between the UK and the EU should - everything else being equal - lower the fair value estimate by around one figure to 0.79 and thus this is probably today’s potential in the event of hawkish minutes”.

Risks to EMU August PMI consensus expectation of 53.4 skewed to the downside - ING

Martin Van Vilet from ING suggests that Eurozone August PMI, due out on Thursday, should drop somewhat from the come above the 50 growth/contraction level.
Read more Previous

USD/CHF eyes the area around 0.9150 – Commerzbank

The pair continues its rally and it could advance to 0.9115 ahead of the 200-w MA at 0.9157, according to Axel Rudolph, Senior Technical Analyst at Commerzbank...
Read more Next
Start livechat