GBP is beginning to sag as the case for the BoE pausing is strengthening – MUFG GBPUSD BOE InterestRate EURGBP Banks
Economists at MUFG Bank note that the British Pound is starting to run out of steam as UKBoE signs of caution justified by incoming the data
We have pencilled in one further 25 bps rate hike by the BoE in September but this was a very close call and one further hike was merely a reflection of the higher inflation in the UK than elsewhere and the limited evidence of worsening economic conditions.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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