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Sterling Strengthens on Inflation Data, More BoE Hike(s) Expected
Sterling climbed broadly today following the release of data showing that March’s inflation slowed less than expected, with CPI remaining in double digits. This development supports expectations of a further 25bps rate hike by BOE in May, with some speculating that an additional increase could bring the terminal rate to 4.75% in June. Despite this, […] The post Sterling Strengthens on Inflation Data, More BoE Hike(s) Expected appeared first on Action Forex...
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Posted: Apr 19 2023, 13:01
Author Name: actionforex
Views: 082098