GBP: A Hawkish Hold Likely From BoE Next Week – Danske

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The pound has suffered quite a bit from weak economic data and the consequent postponement of a rate hike by the Bank of England. The team at Danske analyzes the situation. While they see the BOE holding, a hawkish brand of holding may be on the cards.

Here is their view, courtesy of eFXdata:

Danske Research discusses its expectations for next week’s BoE May policy meeting.

“We change our call and no longer expect the Bank of England (BoE) to increase the Bank Rate at the MPC meeting on 10 May.

We think a rate hike will be postponed to the next big meeting in August. In this sense, it is going to be a hawkish hold given the relatively subdued market pricing of future BoE rate hikes,” Danske argues.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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