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Credit Agricole: sell EUR/GBP on highs

Credit Agricole reviews the current EUR/GBP recovery as a good selling opportunity. They are convinced that the unanimity of the July BoE monetary policy vote (minutes were released on Wednesday) conceals a mounting divergence of views aong the UK Monetary policy commitee. According to analysts, the August BoE minutes and inflation report will reveal a shift in MPC views, so traders should continue to forecast a premature  rate hike. 

Chart. Daily EUR/GBP



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