Analysts at Danske Bank, de do not see the global investment environment nor the relative growth outlook creating significant divergence between the E
End to the hiking cycle, but not to the GBP headwinds
Over the past month, EUR/GBP has moved to the upper part of recent months’ trading range of 0.85-0.87. On one hand, GBP has gained support from an overall USD-positive global investment environment and higher energy prices. On the other hand, a dovish BoE and lower than expected inflation have acted as a headwind.
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