Thursday, October 15, 2026

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Probability of EUR/GBP drop to 0.70 increasing

GBP continues to rise after UK election fog lifts, probability of EUR/GBP drop to 0.70 is rising Relatively hawkish BoE Inflation Report expected Wed, BoE on course to hike in 2016 0.7143 (1.40 in GBP/EUR) & 0.7118 (Apr …

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • GBP continues to rise after UK election fog lifts, probability of EUR/GBP drop to 0.70 is rising 

  • Relatively hawkish BoE Inflation Report expected Wed, BoE on course to hike in 2016

  • 0.7143 (1.40 in GBP/EUR) & 0.7118 (Apr low) among bear targets pre-0.70

  • 0.72 is now a resistance level (stops below 0.72 were tripped earlier)

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