- GBP to witness a short-term boost if BoE is more hawkish than the market anticipates – Crédit Agricole
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31 julho 2023
GBP to witness a short-term boost if BoE is more hawkish than the market anticipates – Crédit Agricole
Economists at Crédit Agricole analyze GBP outlook ahead of the Bank of England (BoE) policy meeting on Thursday.
Limited upside for the GBP unless the BoE provides a hawkish surprise
UK rate markets are currently forecasting a rate hike of more than 25 bps in the upcoming BoE meeting. This expectation means that many of the potential positives of such a rate increase may already be factored into the GBP's current price.
Given the current market expectations, for the GBP to witness a short-term boost, the MPC would need to deliver a policy decision or statement that is more hawkish than the market anticipates.
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