Economists at ING analyze the GBP outlook ahead of Thursday's Bank of England Interest Rate Decision. Slightly negative on Sterling later this year An
Any hints on Thursday that the UK policy rate was something like 'sufficiently restrictive' would most like hit the Pound.
We are slightly negative on Sterling later this year on the view that the 2024 BoE easing cycle will be larger than currently priced. But we will take our cue on the timing of this sell-off from Thursday's BoE statement.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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