Bank of England Review – Stay Negative on GBP Ddespite 50bp Surprise

<p>The Bank of England (BoE) surprised markets and analysts by hiking policy rates by 50bp, bringing the Bank Rate to 5.00%. We view the 50bp hike as front-loaded in nature with wage growth and inflation having surprised to the topside. We pencil in 25bp rate hikes in August and September. This would mark a peak […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/fundamental-analysis/506893-bank-of-england-review-stay-negative-on-gbp-ddespite-50bp-surprise/">Bank of England Review – Stay Negative on GBP Ddespite 50bp Surprise</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>