EUR/GBP to consolidate into tomorrow's UK CPI – ING EURGBP CPI Inflation YieldCurve Banks
The UK 2-10 year Gilt curve is now the most inverted since 2000. We are probably reading too much into one day's price action, but it could be noticeable that Sterling did not follow Gilt yields higher yesterday.
Expect EUR/GBP to consolidate into tomorrow's big release of May UK CPI. And again we would see current levels in EUR/GBP as a good area to increase FX hedge ratios on GBP receivables.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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