• Context:
• BoE: Rates have stayed high in an attempt to fight inflation; speculation remains whether the BoE will continue hikes or begin to soften policy.
• UK Economy: Modest growth, but inflationary pressures persist.
• Possible Direction:
• Bias: Slightly bearish, though GBP may show more resilience if the BoE maintains a hawkish tone.
• Catalysts: UK inflation and unemployment data, plus the strength of the USD.
• BoE: Rates have stayed high in an attempt to fight inflation; speculation remains whether the BoE will continue hikes or begin to soften policy.
• UK Economy: Modest growth, but inflationary pressures persist.
• Possible Direction:
• Bias: Slightly bearish, though GBP may show more resilience if the BoE maintains a hawkish tone.
• Catalysts: UK inflation and unemployment data, plus the strength of the USD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.