Mitrade·52 event signal
British Pound: Supported by BoE hike expectations and softer Dollar – MUFG
economyMUFG
MUFG’s Lee Hardman reports that the Pound has benefited from broad US Dollar weakness, with GBP/USD briefly above 1.3500 and EUR/GBP near 0.8300. Markets expect the BoE to deliver its first rate hike since the US-Iran conflict began, though MUFG anticipates cautious forward guidance and fewer hikes than currently priced, limiting but not reversing recent Pound strength.
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Source: FreeNewsAPIRead at Mitrade
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