Market to punish GBP on impression that BoE is not doing enough intensifies to fight price risks

interest rates would be neutral for Sterling As far as the BoE is concerned, the dampening effects on the economy of past rate hikes means that it is questionable whether it will further hike its key rate on Thursday even though inflation remains stubbornly high and wage growth also continues to rise again quite considerably.

The majority of market participants expects unchanged interest rates so that a decision of that nature would be neutral for Sterling initially. If, however, it becomes clear over the coming weeks that there are still price risks and if the impression that the BoE is not doing enough intensifies, the market would put punish Sterling.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

In the Market: Treasury market braces for seismic SEC ruleTreasury market participants expect U.S. regulators to soon finalize a major rule aimed at reining in debt-fueled bets by hedge funds and bolstering financial stability. They worry it could also reshape the industry and create new problems.
Source: Reuters - 🏆 2. / 97 Read more »