- Analytics
- News and Tools
- Market News
- GBP/USD to plunge towards 1.34 amid lofty BoE expectations – Scotiabank
GBP/USD to plunge towards 1.34 amid lofty BoE expectations – Scotiabank
GBP/USD holds modest gains. But economists at Scotiabank expect the cable to slide towards the 1.34 level as the market is too aggressive pricing the next hikes by the Bank of England (BoE).
Governor Bailey is in favour of a measured approach in hiking
“We think markets are set to be disappointed as Governor Bailey and Pill, the bank’s chief economist, are in favour of a more measured approach in hiking.”
“The 2% BoE rate that markets are seeing by end-2022 is also excessive, we think, as it could have too much of a dampening impact on demand-side dynamics.”
“The GBP is at risk of a test of 1.34 soon as markets re-price some of these lofty expectations.”
© 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
