By Justin Mcqueen — Sep 11 - 11:40 AM
BoE Uber Hawk, Catherine Mann, prefers to err on side of over-tightening
Sterling muted given that Mann is a hawkish outlier
Dovish comments by BoE's Pill and Bailey have led to an unwind of hike bets
Markets no longer price in two 25bps rate hike 0#BOEWATCH
However, UK data matters more than BoE commentary
Jobs data due Sept 12. Wages f/c to remain near-record levels.
Cable at risk of breaking 200DMA (1.2429)
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Source:
Refinitiv IFR Research/Market Commentary