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fxAug 14, 2026, 1:22 PM

Stronger UK GDP bolsters BoE hawks, Rabobank says

Rabobank strategist Elwin de Groot says stronger-than-expected UK GDP gives Bank of England hawks fresh support, although the BoE remains reluctant to tighten further.

GBPUSD

Rabobank strategist Elwin de Groot notes that stronger-than-expected UK GDP data has handed fresh arguments to Bank of England hawks. Growth was described as broad-based, including investment and GDP per capita.

Even so, the Bank itself remains reluctant to tighten policy further. The comments highlight tension between improving UK activity data and a cautious BoE stance.

Source: FXStreet Forex News