Bank of England Review: End to the Hiking Cycle, But Not GBP Headwinds

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<p>The BoE today decided to keep the policy rate unchanged at 5.25% with forward guidance remaining broadly unchanged. We think that this marks the peak in the Bank Rate of 5.25%, although wage growth and service inflation remain a joker. We stay negative on GBP and continue to see relative rates as a moderate positive [&#8230;]</p>
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