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Pound falls as BOE hits the pause button

And so the BOE now officially joins the ranks of all the other major central banks into pausing their tightening cycle. The gang is complete again, after having seen the SNB surprise earlier in the day as well. So, what exactly is the impact to the pound as the BOE takes a step back from hiking rates?In terms of OIS pricing, the most evident one is a shift lower in the curve. In other words, traders are not as convinced of that one last rate hike by the BOE now. This was supposed to be a one and... Read More

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Forex

Posted: Sep 21 2023, 11:20

Author Name: forexlive

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