- Analytics
- News and Tools
- Market News
- GBP/USD to fall another two or three cents on a dovish BoE – Scotiabank
GBP/USD to fall another two or three cents on a dovish BoE – Scotiabank
GBP/USD has dropped under 1.25. Economists at Scotiabank expect the cable to lose another two or three cents if next week’s Bank of England (BoE) policy decision is dovish.
BoE to signal a much narrower path for hikes than markets are anticipating
“Sterling one-week risk reversals show the largest downside risk for the GBP over the following week since the initial days of the Russian invasion of Ukraine.”
“A BoE rate hold cannot be ruled out – though it is far from being our base case. The BoE will likely signal a much narrower path for hikes than markets are anticipating, which presents the main GBP downside risk.”
“The pound may still hold around 1.25 over the coming days, but a dovish BoE and weak macro figures over the coming weeks could see the GBP fall another two or three cents; with the broad dollar tone an important unknown.”
© 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
