- Analytics
- News and Tools
- Market News
- BoE Preview: Some modest upside risk for the Pound Sterling – MUFG
BoE Preview: Some modest upside risk for the Pound Sterling – MUFG
Ahead of the Bank of England (BoE) meeting, GBP/USD has dropped back below 1.2650. Economists at MUFG Bank analyze Cable’s outlook ahead of the policy update.
Less hawkish BoE policy but may disappoint expectations for May cut
We expect the BoE to signal that it is more confident that the rate hike cycle has ended and they are beginning to consider lowering rates in the year ahead.
The UK rate market is currently pricing in around 17 bps of cuts by the May MPC meeting. It is likely too soon for the BoE to send a strong signal that the first cut will be delivered in May, especially with the Budget released on 6th March. It poses some modest upside risk for the Pound.
© 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
