BoE Preview: Three scenarios and implications for GBP/USD – TDS BOE InterestRate GBPUSD Macroeconomics Banks
The MPC decisively votes to hike rates by 50 bps, and leaves key forward guidance unchanged, implying that policy will continue to be decided on a meeting-by-meeting basis. Despite weak inflation projections, there's no sign the MPC is done hiking. GBP/USD +0.20%.The MPC hikes 25 bps, with guidance left largely unchanged. Little emphasis is put on the projections, which show much weaker inflation at Years 2 and 3.
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