EUR/GBP: Cross seen creeping higher – Rabobank
Ni FXStreet Insights Team
Na-update: 6 May 2026
Sikat na Artikulo
Rabobank’s FX Strategy team argues that current market pricing for up to three Bank of England hikes over the next year is excessive given a loosening UK labour market and lacklustre growth.
Rabobank’s FX Strategy team argues that current market pricing for up to three Bank of England hikes over the next year is excessive given a loosening UK labour market and lacklustre growth. They expect only one BoE move this year, which should weaken GBP and result in EUR/GBP drifting higher over a 9–12 month horizon.
BoE repricing to support EUR/GBP upside
"At the start of the Iran war, market pricing swung sharply from pricing in BoE rate cuts this year to pricing in as many as four rate hikes."
"However, the market still sees risk of three rate hikes on 1 year view. In Rabobank’s view, this is too many."
"The UK labour market has been loosening this year which indicates increasing levels of spare capacity and reduced risk of second order inflation effects taking root."
"We expect that the market will re-price in favour of just one BoE rate move this year which should see GBP soften."
"Our central view, however, is that EUR/GBP is likely to creep higher on a 9-to-12-month view."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa
