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MUFG: UK labour report and US CPI could impact BOE hiking path and GBP

MUFG discusses the high possibility that this week's UK labor report and the US CPI data could influence market expectations surrounding the Bank of England's (BoE) rate hike. Recent statements from Governor Andrew Bailey and Chief Economist Huw Pill hint at a more dovish stance, which may affect the GBP's performance in the short term.Key Points:Shifting Rhetoric: Governor Bailey and Chief Economist Huw Pill have recently made comments that suggest a more dovish communication strategy from the... Read More

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Posted: Sep 11 2023, 19:44

Author Name: forexlive

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