Pound could suffer further over the short term if market’s conviction on a June rate cut grows

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The BoE vote that revealed the two voters for a hike previously abandoning that stance has fuelled renewed GBP selling.

Economists at MUFG Bank analyze Pound’s outlook. BoE shifts a little more toward a first rate cut BoE left policy rate on hold for fifth consecutive meeting at 5.25%. The overall message from the statement suggests as before – that returning inflation to target is proceeding but the point of being in a position to ease the monetary stance has not arrived.

The vote did highlight progress with an 8-1 vote as both Jonathan Haskel and Catherine Mann dropped their votes to hike. That alone justifies some increased probability of an earlier than we expect rate cut in June although whether the BoE ultimately moves in June or August remains a close call. We maintain our view of 100 bps of cuts this year.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 14. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Pound Sterling soars amid upbeat market mood, BoE decision in focusThe Pound Sterling (GBP) exhibits strength in Thursday’s London session ahead of the Bank of England’s interest rate decision, prompted by investors’ higher risk appetite.
Bron: FXStreetNews - 🏆 14. / 72 Lees verder »

Pound Sterling weakens on dismal market sentiment, higher prospects of BoE rate cutThe Pound Sterling (GBP) remains vulnerable against the US Dollar in Friday’s London session as the market sentiment is quite bearish.
Bron: FXStreetNews - 🏆 14. / 72 Lees verder »