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 BoE takes another dovish hike, but inflation threatens to rise above 10%
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.
The GBPAUD looks vulnerable to falls ahead of the RBA and BoE meeting next week.
Is the market too hawkish about the prospect of 5 rate hikes this year?
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