EUR/GBP slumps as BoE MPC split on interest rates

By FXstreet.com | Updated August 20, 2014 AAA

FXStreet (Córdoba) - The EUR/GBP slumped to a fresh 1-week low following the release of Bank of England’s latest minutes, which showed 2 members of the Monetary Policy Committee (MPC) voted to hike interest rates this month.



Despite recent dovish comments from Governor Carney, it seems some members of the MPC are ready to begin a hiking cycle. The pound rose across the board and dragged the EUR/GBP to a 1-week low of 0.7969 in recent dealings.



The EUR/GBP managed to bounce slightly from lows and it is currently trading at 0.7985, still 0.37% below its opening price.



You May Also Like

Related Forex Analysis
  1. Forex News

    EUR/GBP hovers around 20-day SMA

  2. Forex News

    EUR/GBP recovers from 2-week low

  3. Forex News

    EUR/GBP Technical Analysis: Short Position Now in Play

  4. Forex News

    EUR/GBP drops further below 0.7860

  5. Forex News

    EUR/GBP trades below 0.79

Trading Center