GBP/USD to test 1.24 with continued weakness below this mark a possibility – Scotiabank GBPUSD Banks BOE
Markets await next week’s Bank of England decision. Economists at Scotiabank expect GBP losses to resume to below 1.24.“The bank is likely to hike by 25bps but it looks set to accompany this with a cautious economic outlook and implicit guidance that market pricing seeing 150bps in hikes by year-end is significantly out of line – as this would result in a notable undershoot in inflation.
“A firm and longer-lasting drop under 1.25 seems likely and with it a test of 1.24 with continued weakness below this mark also a possibility.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Going-Out Top Is Officially Back—Shop 24 of the Best Options HereFrom diamanté-trimmed tanks to sleek minimalist blouses, these festive tops will help you rule the night.
Read more »
Nismo unveils Nissan Z race car for Fuji 24 HoursNissan already has a Z race car for Japan's Super GT series GT500 class, but this looks like a less extreme racer for the ST-Q class.
Read more »
Sonic the Hedgehog 2 to stream on Paramount+ May 24 | Digital TrendsSonic the Hedgehog 2 has been confirmed to begin streaming on Paramount+ on May 24.
Read more »
Oakland police search for missing 15-year-old girl last seen April 24HAVE YOU SEEN ANIYAH? Oakland police said she was last seen on Sunday in the 4500 block of Martin Luther King Jr. Way, wearing a dark green jacket with fur and white pants.
Read more »
NBC 5, Telemundo Chicago to Host Republican Gubernatorial Candidates Forum May 24NBC 5 and Telemundo Chicago are partnering with the Chicago Urban League, The Latino Policy Forum and the Union League Club of Chicago to host a televised forum for Republican candidates vying for the party’s nomination to challenge Gov. J.B. Pritzker in the 2022 election.
Read more »