BoE Preview: Three scenarios and its implications for GBP/USD – TDS BOE GBPUSD InterestRate Banks
“The MPC softly implies that 50 bps hikes are finished for now, but is less decisive in its guidance, leaving unchanged the conditional language that it can act forcefully if necessary. Governor Bailey keeps all options on the table going forward, and hints that further ‘hikes’ are likely, suggesting a terminal rate of 4.50% or higher. GBP/USD 0.75%.”“The MPC hikes 50 bps, but with an additional third dovish dissent, leaving 5-6 voting for the majority decision.
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