On Thursday the Bank of England meet and a 50bps rate hike is fully priced in. A 75bps rate hike is seen by Short Term
The picture with the GBP is mixed with positioning, sentiment and the BoE making the immediate path tricky. The Bank of England was one of the first major banks to increase interest rates in order to deal with surging inflation
Is a 2023 rate cut coming for the UK. The BoE revises down growth and sinks the GBP.
Is the market too hawkish about the prospect of 5 rate hikes this year?
The Bank of England will get serious about inflation on Thursday.
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