• BoE Preview: Pound Sterling could benefit somewhat from a fairly quiet meeting – Commerzbank

Market news

21 tháng 3 2024

BoE Preview: Pound Sterling could benefit somewhat from a fairly quiet meeting – Commerzbank

Economists at Commerzbank analyze how the Bank of England’s (BoE) policy decision could impact the Pound Sterling (GBP).

Expectations have shifted somewhat towards a dovish surprise

Presumably, the decision will not bring much news. After all, there will be no press conference and no new forecasts will be released. And a change in the key interest rate is also very unlikely.

It may be that after Wednesday's rather low inflation figures, expectations have shifted somewhat towards a dovish surprise. If this is the case, and the BoE delivers as we expect, the Pound could benefit somewhat again.

 

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.