By eFXdata — May 09 - 04:30 PM
BoE Likely to Deliver Final Hike, But Ready for More If Inflation Persists 🏦📈
Danske sees BoE's final rate hike for now on the horizon, with a hike of 25bp expected on May 11. However, more hikes could be on the table if inflation persists. The central bank's approach remains increasingly data-dependent
EUR/GBP Unlikely to See Major Change, Despite Expected BoE Hike 🇪🇺🇬🇧
Danske believes the EUR/GBP will remain largely unchanged after the expected BoE rate hike. However, it may move slightly higher during the press conference. The relative central bank outlook is seen as a positive for EUR/GBP, but other factors could limit major movements.
Danske Research/Market Commentary