BoE Preview: GBP may struggle to hold any post-meeting gains – Rabobank BOE GBPUSD UnitedKingdom Banks
. That said, we foresee no change to the Bank’s policy guidance which warns of further tightening in monetary policy if there is evidence of more persistent inflations pressures.”
“An acknowledgement of the UK’s improved performance this spring could also enhance the Bank’s hawkish bias. However, with so much tightening already in the price, GBP may struggle to hold any post-meeting gains, particularly given the risk that two or three more rate hikes could tip the UK economy into recession.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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