ING Sees BoE Holding Rates Steady Despite Hawkish Market Pricing
ING analysts expect the Bank of England to leave its policy rate unchanged at the upcoming meeting, contradicting market bets on further tightening.
GBPUSD
Analysts Michiel Tukker and Padhraic Garvey of ING see no change in the Bank of England’s policy rate at the next meeting. Their view contrasts with market pricing, which continues to reflect hawkish expectations.
The note implies that the central bank may hold off on another hike, potentially disappointing traders who had positioned for further tightening.
Source: FXStreet Forex News