Mikael Milhof, Senior Analyst at Danske Bank, expects any dips in the European cross to be temporary. Key Quotes “EUR/GBP is likely to trade a bit heavy ahead of the Bank of England (BoE) rate announcement today”. “The expected hike is almost fully priced in, and we expect any dip in EUR/GBP to be short-lived. We look for the cross to remain range bound near term with Brexit uncertainty expected to remain a key source of volatility”. “From a risk/reward perspective, we would look for opportunities to buy EUR/GBP if the cross drops to 0.88 for a short-term rebound towards 0.8950″. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK: BoE and Construction PMI in focus – TDS FX Street 5 years Mikael Milhof, Senior Analyst at Danske Bank, expects any dips in the European cross to be temporary. Key Quotes "EUR/GBP is likely to trade a bit heavy ahead of the Bank of England (BoE) rate announcement today". "The expected hike is almost fully priced in, and we expect any dip in EUR/GBP to be short-lived. We look for the cross to remain range bound near term with Brexit uncertainty expected to remain a key source of volatility". "From a risk/reward perspective, we would look for opportunities to buy EUR/GBP if the cross drops to 0.88 for a short-term rebound towards… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
