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Sep 14 - 12:55 PM

GBP: BoE To Hike 50bps Next Week: EUR/GBP To Rise Upon Announcement - Danske

By eFXdata  —  Sep 14 - 11:00 AM

Danske Research discusses its expectations for next week's BoE September policy meeting.

"We expect BoE to hike the Bank Rate by another 50bp on Thursday 22 September, but acknowledge that it is a close call between 50bp and 75bp. We expect further 50bp hikes in both November and December followed by 25bp in February.

Hence, we lift the end point of our projection to 3.25% (prev. 2.50%) We expect fewer hikes than priced in markets as we emphasise the rising recession risk," Danske notes. 

"In our base case, we expect EUR/GBP to rise upon announcement," Danske adds. 

Source:
Danske Research/Market Commentary

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