BoE: Three scenarios and the implications for GBP/USD – TDS BOE InterestRate GBPUSD Banks
“The expected doves dissent, while Mann votes for 75 bps. Forward guidance remains unchanged and the MPC drops the reference to market pricing being too high. GBP/USD +0.25%.”“Language softens on the margin to reflect the downshift to a 50 bps hike, but nothing in the Summary suggests the next meeting will see a further slowdown in the pace of hikes, with 50 bps still on the table for February. A tight labour market is still the focus, despite soft growth numbers.
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