EURGBP continues to trade sideways ahead of ’Super Thursday’

The Euro to Pound exchange rate continues to move sideways ahead of monetary policy decisions by the Bank of England (BoE) and the European Central Bank (ECB) on Thursday. The central banks are expected to hike rates by 50 bps this week. However, the recent Eurozone and UK Inflation numbers have certainly been encouraging. The currency pair’s future direction depends upon the central bank’s view on the future path of interest rate changes.

Check out the detailed outlook of EURGBP here -