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Whatever happened to GBP/EUR?

Whatever happened to GBP/EUR?

With so much focus on GBP/USD of late it feels as though we have effectively ignored the movements of GBP/EUR.

However the truth is that very little has happened – GBP/EUR has been firmly range bound between 1.1700 and 1.1900.

Traders are now looking at this weeks data releases for some clues as to the direction that GBP/EUR may take in the coming few months:

  • Today – No market-moving data is scheduled for the UK or Eurozone

  • Tuesday – UK Public Sector Net Borrowing;

  • Wednesday – Bank of England monthly policy meeting minutes; British Mortgage Approvals; German 10-Year Bund Auction; EU Consumer Confidence;

  • Thursday – Bank of England’s Governor Carney speech; EU Council Meeting; German PMI data; EU PMI data;

  • Friday – British GDP; EU Council Meeting; German Expectations; Current Assessment;

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