- Analytics
- News and Tools
- Market News
- Active BoE to polish sterling's outlook – MUFG
Active BoE to polish sterling's outlook – MUFG
FXStreet reports that according to economists at MUFG, GBP is set to be underpinned by the Bank of England’s willingness to continue the plans to remove policy accommodation next year.
“With the markets priced for BoE action in 2022 certainly GBP will remain vulnerable to an extension of risk-off that starts to result in investors questioning the ability of G10 central banks to raise rates at all. But we don’t think we are at that juncture yet. Indeed, we don’t think we’ll get there either.”
“As COVID-19 hopefully recedes as a big issue, we expect Brexit to get much more focus and while the transitory inflation view still makes sense, the extent of easing inflation may well be far less in the UK than elsewhere. A more active BoE would be one implication that would result in GBP outperformance.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
