GBP/USD: Risks are skewed to the downside heading into year-end – MUFG GBPUSD UnitedKingdom BOE Banks
“The ongoing reversal of the government’s tax cut plans is encouraging the UK rate market to scale back expectations for the size ofrate hikes. Market participants are now weighing up whether the BoE will deliver a 75 bps or 100 bps hike in November and the expected terminal rate has fallen from just over 6.00% to just below 5.50%.”
“The pound has already fully reversed all of the losses following the mini-budget which should limit further upside on the back of further government measures to regain market confidence in the gilt market.”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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