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Reuters: Bank of England to lift bank rate by 25 bps next week. GBPUSD tests May high.

Reuters: Bank of England to lift bank rate by 25 bps next week. GBPUSD tests May high.
A Reuters poll of 64 economists shows that all expect the Bank of England to lift the bank rate by 25 basis points to 4.75% at their June 22 meeting (next Thursday).They also estimate that the bank rate is to peak at 5.0% in Q3. That was the same as May 31 poll.Yesterday, the GBPUSD rose after better jobs data and hot wage data.In May, payrolls saw a change of 23k, compared to a decrease of 135k previously, which was revised to a 7k increase.The April ILO unemployment rate was reported at 3.8%,... Read More
Posted: Jun 14 2023, 13:26
Author Name: forexlive
Views: 081261

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