- Analytics
- News and Tools
- Market News
- Sterling to trend weaker over the coming months – Commerzbank
Sterling to trend weaker over the coming months – Commerzbank
The Bank of England (BoE) still seems hesitant in the fight against inflation. Therefore, economists at Commerzbank expect the British Pound to edge lower over the coming months.
Acting hesitantly when it comes to fighting inflation
“The BoE hiked its key rate by an impressive 75 bps to 3%. But it put a dampener on expectations that it might proceed at this speed. According to the BoE key rates are likely to peak below market expectations.”
“It will yet have to be seen whether inflation will fall over the coming months as expected by the BoE. Even the bank itself admits that this is very uncertain. It even sees the risk for inflation on the upside. Against this background, the question arises whether it makes sense to dampen rate hike expectations already at this stage.”
“As it is difficult to imagine that the BoE’s stance will change Sterling is likely to trend weaker over the coming months.”
© 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
