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Aug 03 - 04:55 AM

GBP/USD - Softer Ahead Of The Bank Of England Rate Call

By Peter Stoneham  —  Aug 03 - 02:45 AM
  • Softer sterling versus EUR and USD ahead of today's BoE rate call

  • Expectations for the 11:00GMT decision are for a 25-basis point hike

  • A hike to 5.25% would take UK rates to a 15-year high

  • A Reuters poll points to an 8-1 call, with one no change vote

  • There is an outside chance of a 50-basis point move

  • BoE might view wage growth heightening the risk of second round effects

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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