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Pound eases lower ahead of BOE policy decision

Cable is now seen slipping to the lows for the day at 1.2650, roughly down by 0.5% on the day. It has been a steady climb lower for the currency pair from around 1.2700 at the start of European morning trade. Is this a sign that traders are hedging their bets that the BOE will deliver just a 25 bps rate hike later on?The OIS market continues to indicate odds of a 25 bps move being at around 62% while odds of a 50 bps move are at around 32% currently. There will certainly be some upset parties if... Read More

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Content Topics

Pound

Eases

Lower

Ahead

Policy

Decision

Forex

Posted: Aug 3 2023, 10:17

Author Name: forexlive

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