EUR/GBP should remain rangebound between 0.8550 and 0.8655 until UK GDP data on Friday – SocGen EURGBP GBPUSD GDP CPI Banks
Q2 UK GDP and US CPI will decide if the recovery in GBP/USD has legs this week. Sterling seasonality is bearish.
We forecast Q1 GDP growth of 0.1% QoQ , the same as Q1, thanks to a rebound in June GDP growth of 0.2% following the contraction of -0.1% in May. The BoE forecasts growth of around 0.2% in H1 and a similar rate in the near term.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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