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HSBC: Here is why risk-reward around this week's BOE may not be encouraging for GBP bulls

HSBC: Here is why risk-reward around this week's BOE may not be encouraging for GBP bulls
HSBC lays out its perspective on the potential movements of the GBP in relation to the Bank of England's (BoE) upcoming decisions:Key Takeaways:Expected Rate Hike: HSBC's primary assumption is that the BoE will increase the policy rate by 50 basis points on 3 August. The market's current expectation is a 37 basis point increase.Transient GBP Upsurge: If HSBC's 50 basis point forecast holds true, they anticipate a quick, reactive GBP purchase surge. However, they emphasize that any such GBP... Read More
Posted: Jul 31 2023, 19:03
Author Name: forexlive
Views: 080839

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