A poll of 81 economists by Reuters had 77 forecasting a quarter point rise, Trichet said a small rise was possible and sentiment in all news articles seems to be for a rate rise too.
My question is do you think this will make a big difference to the GBP/EUR? Do you think it will be enough to break the current range of roughly 0.7850-0.8050?
It seems to me that there has been very little reaction in this pair which is in stark contrast to the EUR/USD which has made a large upmove with no retracement. Also, the EUR/JPY and EUR/CHF have made slight downmoves this week...
Any opinions much appreciated.
My question is do you think this will make a big difference to the GBP/EUR? Do you think it will be enough to break the current range of roughly 0.7850-0.8050?
It seems to me that there has been very little reaction in this pair which is in stark contrast to the EUR/USD which has made a large upmove with no retracement. Also, the EUR/JPY and EUR/CHF have made slight downmoves this week...
Any opinions much appreciated.