On the other hand, European Central Bank (ECB) policymaker Yannis Stournaras said, during an nterview with a Greek newspaper, that he doesn’t see any impact from the collapse of Silicon Valley Bank (SVB) on Eurozone banks. Previously, Eurogroup's President Paschal Donohoe mentioned, “Euro-area has very limited exposure to SVB.”
Apart from that, the fading Brexit optimism and comparatively more hawkish European Central Bank (ECB) policymakers, than the BoE, also probe the EUR/GBP bulls.
Looking ahead, the British government’s annual Budget Report and Eurozone Industrial Production for January, expected 0.4% MoM versus -1.1% prior, will be important for EUR/GBP traders to watch for clear directions. Apart from that, the headlines surrounding the SVB and Russia could also entertain the cross-currency pair traders.
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