- Analytics
- News and Tools
- Market News
- BoE hesitations to fight inflation risks would be disastrous for Sterling – Commerzbank
BoE hesitations to fight inflation risks would be disastrous for Sterling – Commerzbank
The Pound rose after the publication of inflation data on Wednesday. Economists at Commerzbank analyze GBP outlook.
The BoE will have to deliver
Inflation remained above expectations. Moreover, the core rate remained unchanged at 6.9%. That increases the likelihood that the BoE will hike key rates another two times until year-end. It might have to take further action in 2024 as well.
The market is confident that the BoE will take action, but it will have to deliver.
If, over the coming weeks, the market gets the impression that the BoE might hesitate after all to fight inflation risks in order not to dampen the economy too much, that would be disastrous for Sterling.
© 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
