- Analytics
- News and Tools
- Market News
- BoE: A certain amount of hawkishness may be needed to prevent further USD gains – SocGen
BoE: A certain amount of hawkishness may be needed to prevent further USD gains – SocGen
Today’s main event is the Bank of England policy announcement. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes its implicates for the GBP/USD pair.
Short-term rates market prices another 40 bps
“There’s near-unanimity that we’ll see a 25 bps hike to 4 ½%, and all the attention will be focused on the details and guidance that comes with that decision (assuming we don’t get a huge surprise).”
“The short-term rates market prices another 40 bps after today’s expected move, so a certain amount of hawkishness may be needed to prevent further USD gains, but if we get that, the market and Commentariat’s desire to see the UK economy (and currency) as a glass half full, rather than one that’s half empty, can carry GBP higher.”
© 2000-2025. 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
