According to SocGen, if the EURGBP reaches 0.86231, a 25 basis point increase by the Bank of England would cause the currency pair to rise towards its previous peak in July at 0.8650.

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EURGBP Chart by TradingView

EUR/GBP to 0.8650 or 0.8550? Economists at Société Générale analyze how the pair could react to the upcoming Bank of England Interest Rate Decision.

See – BoE Preview: Forecasts from 10 major banks, 25 bps or 50 bps? That is the question

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