- Analytics
- News and Tools
- Market News
- GBP/USD: Drop under 1.2250 to clear the way towards May 2020 at 1.2075 – BBH
GBP/USD: Drop under 1.2250 to clear the way towards May 2020 at 1.2075 – BBH
GBP/USD is trading above 1.23 after hitting a new cycle low at 1.2260 on Monday. Economists at BBH expect cable to test the May 2020 low near 1.2075 on a dip below 1.2250.
Bank of England tightening expectations have stalled
“We look for a break below the June 2020 low near 1.2250, which would set up a test of the May 2020 low near 1.2075.”
“WIRP suggests another 25 bp hike is fully priced in for the next meeting June 16, while the odds of a 50 bp move then are minimal. Looking ahead, the swaps market is pricing in 125-150 bp of total tightening over the next 12 months that would see the policy rate peak between 2.25-2.50%.”
© 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
