The ECB is more likely to react to inflation pressures this time around compared to 2022, starting from a higher rate base, which is more positive for the Euro.
The ECB is more likely to react to inflation pressures this time around compared to 2022, starting from a higher rate base, which is more positive for the Euro.
The BOE is more likely to see rates come down, and if rates need to go up, the ECB will hike faster due to differences in labor market tightness and demand, supporting EUR/GBP.