💶💷We Like Buying EUR/GBP Into BoE: Citi Strategy
- Rosbel Durán
- Mar 19, 2023
- 1 min read
We still see upside in EUR/USD, EUR/GBP as well as EUR/CNH over the next three to six months
Recent market tensions will gradually normalize, and the big picture remains euro positive, as ECB and core European rates are likely to reprice higher
Core inflation is far too high and there is wage growth in the pipeline, ECB repricing could go above 3.75%
Near term, we like buying the dip in EUR/GBP as we expect a dovish BoE next week. See upside risks in EUR/NZD given alarmingly weak data from N.Z. and sovereign credit rating
- Citi Strategy
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