might gather momentum on unfavourable data If the labour market and inflation data turn out to be unfavourable, speculation about a further rate hike might gather momentum again on the market.
This would support Sterling temporarily. However, we remain sceptical regarding the BoE’s determination to fight high levels of inflation – as the September meeting once again demonstrated – and therefore expect .
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/JPY testing up into 182.50 in Monday relief bid for Pound SterlingThe GBP/JPY is seeing gains for Monday, trading into 182.50 after Friday's dip into 181.27 on broad-market risk aversion. The Pound Sterling (GBP) is
Source: FXStreetNews - 🏆 14. / 72 Read more »
Pound Sterling Price News and Forecast: GBP/USD sellers await a drop below 1.2130GBP/USD struggling to stage a rebound [Video] GBPUSD has been forming a structure of lower highs and lower lows since its 16-month peak of 1.3141. Mea
Source: FXStreetNews - 🏆 14. / 72 Read more »
GBP/USD remains biased back to the recent lows near 1.2050Economists at ING analyze GBP outlook. EUR/GBP could retest 0.8700/8710 Sterling is rather a sideshow at the moment given that investors are largely p
Source: FXStreetNews - 🏆 14. / 72 Read more »
GBP/USD: Consolidation ahead of another push lowerGBP remains soft. Economists at Scotiabank analyze Sterling’s outlook. Losses may remain contained above the 1.20 level Sterling is consolidating but
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/GBP falling back into 0.8640 as Euro stumblesThe EUR/GBP is falling back into 0.8640 after an early bid for the Euro (EUR) on the back of dovish comments from Bank of England (BoE) Chief Economis
Source: FXStreetNews - 🏆 14. / 72 Read more »
GBP/USD into 1.2215 ahead of UK wage figuresThe GBP/USD gained on Monday, climbing back into 1.2215 as market risk appetite recovers heading into Tuesday's UK wages and US Retail Sales reading.
Source: FXStreetNews - 🏆 14. / 72 Read more »