BoE Preview: Three scenarios and their implications for GBP/USD – TDS BOE GBPUSD Banks
“The MPC hikes 25 bps but in light of the notably strong wages and inflation data, the Committee reintroduces the guidance that it expects ‘further increases in Bank Rate’ will be required if the economy evolves as expected. While the forecasts will likely show inflation being revised down in the long-term, the MPC emphasizes that the upside skew has increased further – necessitating a more aggressive policy response. GBP/USD +0.
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