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Mar 17 - 06:55 PM

GBP: Risks Skew To A Hawkish BoE Message On Thurs - BofA

By eFXdata  —  Mar 17 - 03:30 PM

Bank of America Global Research discusses its expectations for tomorrow's BoE policy decision.

"Risks skew to a hawkish message at Thursday's BoE policy meeting, in our view, as rate setters focus on Budget stimulus.

Little to limit market focus on the hawks near-term. Medium-term, fiscal uses up the room for policy tightening, in our view," BofA notes.

"FX: Bar to dovish surprise is high given recent communication. GBP could benefit from optimistic tone," BofA adds.

Source:
BofA Global Research

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