EUR to see tactical relief, pushing EUR/GBP higher – Goldman Sachs EURUSD Banks ECB EURGBP
Analysts at Goldman Sachs offer an encouraging picture for the euro, providing some respite to bulls while advocating further upside in EUR/GBP."Last week's ECB meeting initially seemed to send a dovish message, with a policy path that was essentially unchanged from earlier in the year, despite significant upside inflation surprises since that time.”
"At the same time, the flash reading of the April PMIs suggest that reopening momentum in the services sector has more than offset the impact of renewed supply chain disruptions on the manufacturing side, with both adding to inflationary pressures. With this in mind, we see room for some tactical relief for the Euro, including further EUR/GBP upside."
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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