Sterling to weaken as BoE rate announcement may trigger a dovish repricing across GBP curve – ING GBPUSD EURGBP BOE Banks
“Expect a couple of days of ‘wait-and-see’ in the GBP crosses as investors hold their breath ahead of the Bank of England meeting on Thursday.”
“We think that would prompt a bit more dovish repricing across the GBP curve and the pound could moderately weaken after the rate announcement. Such weakness should prove more pronounced against the dollar, which could find some more support from the FOMC meeting, and EUR/GBP upside could still be capped to the 0.8450-0.8500 area for now.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD: Fluctuations in the well-defined range seen as technical trading opportunitiesGBP/USD has started the new week in a calm manner. According to FXStreet’s Eren Sengezer, technical fluctuations could be seen as trading opportunitie
Read more »
GBP/JPY Price Analysis: Bears are flexing at key hourly supportGBP/JPY bears have started to engage following a significant correction of the daily bearish impulse. the cross has corrected 50% of the prior bearish
Read more »
A’s send Oller to Triple-A, two more will leave roster MondayA’s right-handed starter Adam Oller sent to Las Vegas; rosters reduced to 26 on Monday.
Read more »
A’s lose fourth straight as offense struggles and Rays hit JeffriesThe A’s couldn’t get much out of their offense at the Coliseum Monday night.
Read more »
Why the food crisis sparked by Russia's war hasn't hit Gulf states yetThe effects of the food crisis triggered by Russia's war in Ukraine haven't been felt equally across the Middle East. Here's why.
Read more »
GBP/USD: Fluctuations in the well-defined range seen as technical trading opportunitiesGBP/USD has started the new week in a calm manner. According to FXStreet’s Eren Sengezer, technical fluctuations could be seen as trading opportunitie
Read more »