Sterling struggles on days when BoE raises rates – SocGen

Sterling struggles on days when BoE raises rates – SocGen GBPUSD BOE EURGBP Banks

Suspense around the BoE rate decision on Thursday should keep sterling on a knife edge with price action before the announcement likely to depend on the US manufacturing ISM data today and ADP employment on Wednesday.

Bearish seasonality stands out for the Pound in August with GBP/USD down in eight of the last ten years and EUR/GBP up seven times.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

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