EUR/GBP shoots above 0.8570 despite higher chances of further policy-tightening by the BoE – by Sagar_Dua24 EURGBP ECB BOE Inflation Recession
Higher-than-anticipated UK inflation might propel chances of a 50 bps interest rate hike by the BoE.The
A mild softening in the UK inflation will not provide the luxury of keeping monetary policy to the BoE. Reuters reported that the BoE looks set to raise interest rates by a quarter point to a 15-year high of 4.75% on June 22.
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