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.
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