GBPEUR rates have moved significantly this week as the euro fait continues to fall. European data has continues to weaken this week and with the UK situation looking better and better rates have been reflecting it. This is a trend I expect to continue with new highs expected this afternoon. We have both central banks meeting today and there is an outside chance for a SPIKE. This is when new information is released and the market prices it in quickly which normally is when the best prices are available. The new news could be from the Europeans as they potentially could release a new policy to fight their inflation issues they are having there.
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