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