EURGBP buy and sell setup - Smart Money Concept

The Euro zone is under pressure from rising inflation due to commodity supply constraints (of which monetary policy cannot rectify) as well as its reliance on Russia/Ukraine. This has only exacerbated the divergence between the Fed and ECB respectively. Looking ahead to next week, the Fed’s interest rate decision dominates the calendar (see below) and is likely to incorporate a 25bps hike – almost fully priced in by money markets.