- Analytics
- News and Tools
- Market News
- BoE: 50bp rate hike to cheer the pound – Commerzbank
BoE: 50bp rate hike to cheer the pound – Commerzbank
The Bank of England (BoE) is set to announce its rate decision on Thursday at 12:00 GMT. The clear majority of analysts expect the “Old Lady” to hike its key rate by 25bp. But a possible 50 bp hike could lift the pound, economists at Commerzbank report.
Sterling might temporarily ease if there is no hawkish surprise
“If the BoE were to surprise with a 50bp step after all that would be positive for sterling, just as a hawkish smaller step would be.”
“If there is no hawkish surprise sterling might temporarily ease, in particular against the euro losses are likely to be limited though. An active BoE and a hesitant ECB support sterling for now.”
See – BoE Preview: Forecasts from 10 major banks, eyeing a hat-trick caught between a rock and a hard place
© 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
