TODAY'S MARKET INTELLIGENCE
EUR/GBP falls near 0.8350 as BoE hike expectations rise while ECB holds rates
English summary
The EUR/GBP pair fell to around 0.8347 during Friday's European session. The decline was driven by the divergence in policy pace, with the ECB holding rates steady while the Bank of England is expected to hike in November, supporting GBP via interest rate differentials. Technically, the pair is oversold and may consolidate between 0.8325 and 0.8420 in the short term.
The English text is machine translated and may require verification against the Chinese version.
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