Andreas Wallström, Chief Analyst at Nordea Markets, suggests that the BoE inflation report indicates that roughly one annual hike is enough to keep inflation at bay as is already priced by markets for 2019 (i.e. no more hikes this year). Key Quotes “It is not a particularly hawkish signal, despite the unexpected uniformity in the votes.” “The hike was broadly priced in on forehand and with a dovish wrapping the GBP reaction is muted. It doesn’t bode well for the GBP that even a unanimous hike cannot really get the momentum in Sterling going.” “Once inflation disappoints even more (than what we have already seen), prospects of hikes will no longer be able to counter Brexit-risks. We would like to see EUR/GBP above 0.90 again, before considering a positive stance on GBP.” “Brexit-risks will continue to rise as time works as a magnet ahead of March 2019. A relatively hawkish stance from Bank of England is likely needed for the GBP to fare decently well, in case of no news from the Brexit-front.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum price analysis: ETH/USD recovers slightly after testing $400, but bears are not done yet FX Street 5 years Andreas Wallström, Chief Analyst at Nordea Markets, suggests that the BoE inflation report indicates that roughly one annual hike is enough to keep inflation at bay as is already priced by markets for 2019 (i.e. no more hikes this year). Key Quotes "It is not a particularly hawkish signal, despite the unexpected uniformity in the votes." "The hike was broadly priced in on forehand and with a dovish wrapping the GBP reaction is muted. It doesn't bode well for the GBP that even a unanimous hike cannot really get the momentum in Sterling going." "Once inflation disappoints even more (than… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
