EUR/GBP set to continue its slow rise as the UK economy stagnates – SocGen EURGBP UnitedKingdom Inflation Growth Banks
Sterling got a lift last week from some relative optimism about growth. However, economists at Société Générale expect the“The release of softer-than-feared inflation data in the UK has turned the currency around today, but the growth story will be more important in the end.”
“Unfortunately, replacing the fears of the gloomiest UK forecasts with expectations of lengthy stagnation is about as much as can be hoped for. The slow climb in EUR/GBP is set to last all year.”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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