Free Trial

EURGBP: SocGen Recommend Positioning for EUR/GBP Upside via Options

EURGBP
  • SocGen recommend buying a 2m 0.8500/50 EUR/GBP call spread and 2m one-touch option, with a knock-in at 0.8650 to benefit from a spot bounce, citing the rates market over-priced for ECB rate cuts in a soft-landing and the BoE's struggle to remain restrictive.
  • As such, they expect the EUR/GBP rates differential to rebound imminently, lifting EUR/GBP with it.
57 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • SocGen recommend buying a 2m 0.8500/50 EUR/GBP call spread and 2m one-touch option, with a knock-in at 0.8650 to benefit from a spot bounce, citing the rates market over-priced for ECB rate cuts in a soft-landing and the BoE's struggle to remain restrictive.
  • As such, they expect the EUR/GBP rates differential to rebound imminently, lifting EUR/GBP with it.