Current market expectations are too ambitious as the Bank of England is likely to raise rates only gradually and may emphasise this on Thursday, leaving the Pound vulnerable to a Euro-style drawdown in the coming days.
October 31,2017
For those watching the direction of the Pound, and becoming increasingly frustrated by its moves - you are not alone. Big-hitter analysts at one of the world’s largest investment banks fell the same.
October 27,2017
The Pound-to-Euro rate could touch 1.1300 Thursday and reach as high as 1.1450 over the coming weeks but evolving market expectations for what the Bank of England does beyond November will be key.
October 30,2017
A stronger than expected number would mean policymakers have underestimated the resilience of the economy and could add support to currently-low expectations of additional rate hikes further down the line, after November.
October 26,2017
An easing of Brexit fears, Wednesday’s GDP report and a bullish setup on the chart comes barely a week ahead of the Bank of England’s November monetary policy announcement.
October 25,2017
There are multiple factors that could help sustain the Dollar’s advance on the Pound, including the prospect for markets to revise expectations for UK interest rates lower and US rates higher.
October 24,2017
A recent slip in the value of the British Pound confirms jitters over future Bank of England interest rate settings are back in play, but there is a risk traders are being too pessimistic in their assessment.
October 25,2017
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