Euro May Be Readying to Reverse Against British Pound Post BoE

The Euro may be readying to push higher against the British Pound in the aftermath of Thursday's Bank of England monetary policy announcement.

There, it was revealed that two policymakers seemed further hiking as 'not appropriate'.

EUR/GBP has been steadily falling since 2020, with recent months on the premise of a more hawkish BoE compared to the European Central Bank.

This could be changing...

EUR/GBP cleared a falling trendline from September, as well as taking out the March high.

That has exposed November and September 2021 levels before the 0.8695 - 0.8731 resistance zone nears.

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