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Dec 02 - 02:55 PM

GBP: Market To Stay Undecided About BoE Hike For Now - ING

By eFXdata  —  Dec 02 - 12:30 PM

ING Research discusses GBP outlook ahead of this month's BoE meeting.

"EUR/GBP has remained supported as markets revised expectations for a December Bank of England rate hike after MPC member Catherine Mann’s comments on Tuesday. The OIS market is currently pricing in 8bp of tightening for the December meeting," ING notes. 

"For today, except for any news on the Omicron spread/vaccine efficacity, markets will have no data or BoE speakers to further direct their policy expectations. EUR/GBP may hold around current levels, although any further risk-off swing bears a good deal of upside risk for the pair," ING adds. 

Source:
ING Research/Market Commentary

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