- Analytics
- News and Tools
- Market News
- GBP could struggle as markets expect too much from the BoE – CIBC
GBP could struggle as markets expect too much from the BoE – CIBC
Markets are likely expecting too much tightening from the BoE this year, eliminating any GBP upside in the next few quarters, in the view of economists at CIBC Capital Markets.
Overseas confidence in UK assets risks being tested
“The bank looks set to extend the run of policy tightening to ten straight BoE gatherings; remember, they began the cycle in December 2021. However, we anticipate the current 102 bps of hikes priced for 2023, the market is pricing a terminal rate of almost 4.50%, remains too aggressive.”
“With further substantive public sector strikes scheduled for February broad macro activity and overseas confidence in UK assets risks being tested.”
“Q1 2023: 1.21 | Q2 2023: 1.24 (GBP/USD)”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
