- Analytics
- News and Tools
- Market News
- Sterling to come under depreciation pressure as BoE unlikely to meet rate hike expectations – Commerzbank
Sterling to come under depreciation pressure as BoE unlikely to meet rate hike expectations – Commerzbank
It can be assumed that Prime Minister Johnson will remain at the receiving end of criticism. However, the FX market is focussing on other matters at the moment. Economists at Commerzbank expect the sterling to remain under pressure as the Bank of England (BoE) is set to disappoint markets next week.
Political developments do not matter much for GBP
“The Prime Minister will probably continue to cause negative headlines. Short-term reactions to the FX market are possible, but principally political developments are likely to remain aside with monetary policy constituting the main driver for sterling exchange rates.”
“We see the risk that the market’s interest rate expectations, which rose again recently, will be disappointed and that sterling will come under depreciation pressure. However, we are unlikely to gain any additional insight before 16th June.”
© 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
