Julian Benson
on December 15th, 2022 Markets are predicting a more dovish outlook from the BoE today, with a 50 basis-point rate hike priced in. Despite this, it is worth noting that BoE policymakers voiced concerns about stubbornly high inflation, in The Bank’s last meeting. This followed inflation soaring back to a 40-year high in September, amid weakening economic outlook.
GBP/USD over the past year
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