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May 10 - 12:55 AM

EUR/GBP: Likely Unchanged on BoE Rate Hike On Thurs, But May Rise Post-Press Conference πŸ‡ͺπŸ‡ΊπŸ‡¬πŸ‡§ Danske

By eFXdata  —  May 09 - 04:30 PM

BoE Likely to Deliver Final Hike, But Ready for More If Inflation Persists πŸ¦πŸ“ˆ

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 πŸ‡ͺπŸ‡ΊπŸ‡¬πŸ‡§

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


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