ECB Winning the Race of Hawkish Surprises, Euro Overpowers Sterling

<p>It looks like ECB is beating BoE in the race of hawkish surprise in a jam-packed day. Sterling spiked higher after four of the nine MPC members have indeed voted for a larger hike of 50bps. However, there was no clear follow through buying as BoE indicated there will only be “some further modest tightening” […]</p>
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