Steady against US Dollar before key BoE and data – Scotiabank

Steady against US Dollar before key BoE and data – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note that the British Pound (GBP) is consolidating recent gains around 1.3400, with domestic risk elevated ahead of next week’s CPI, labour data and the Bank of England decision. Markets expect a hold but price about 35 bps of tightening by year-end. Technically, GBP/USD is recovering, supported in the low 1.33s and capped near the 50-day moving average around 1.3469. BoE guidance and politic…

British Pound Steady After BoE Hold, But Hawkish Risks Are Rising: Deutsche Bank

BitcoinWorld British Pound Steady After BoE Hold, But Hawkish Risks Are Rising: Deutsche Bank The British Pound held its ground after the Bank of England (BoE) kept interest rates unchanged at 4.5% in its March meeting, but analysts at Deutsche Bank warn that the balance of risks is shifting toward a more hawkish stance. In a note to clients, the bank’s foreign exchange strategists highlighted that while the decision was widely expected, the ac…