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Bank of England Review – Stay Negative on GBP Ddespite 50bp Surprise
The Bank of England (BoE) surprised markets and analysts by hiking policy rates by 50bp, bringing the Bank Rate to 5.00%. We view the 50bp hike as front-loaded in nature with wage growth and inflation having surprised to the topside. We pencil in 25bp rate hikes in August and September. This would mark a peak […] The post Bank of England Review – Stay Negative on GBP Ddespite 50bp Surprise appeared first on Action Forex...
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Posted: Jun 22 2023, 15:05
Author Name: actionforex
Views: 111880