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Sterling Selloff Continues Amid Dwindling Expectations of Aggressive BoE Hike, Dollar Might Recover Further

Sterling Selloff Continues Amid Dwindling Expectations of Aggressive BoE Hike, Dollar Might Recover Further
Sterling continues its descent, which was spurred on by the fallout from UK CPI data, in early US session. The odds of a 50 bps rate hike from BoE in August are being reassessed, now standing at a mere 50% probability. Furthermore, expectations of a peak rate have also dipped, falling below the 6% threshold. […] The post Sterling Selloff Continues Amid Dwindling Expectations of Aggressive BoE Hike, Dollar Might Recover Further appeared first on Action Forex... Read More
Posted: Jul 19 2023, 13:08
Author Name: actionforex
Views: 080918

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