BoE: Three scenarios and the implications for GBP/USD – TDS BOE GBPUSD InterestRate Banks
“With the EPG coming to an end in April, the MPC worries about the likely more persistent inflation profile, opting to shift to a restrictive policy stance as quickly as possible. Messaging is one of accelerating the pace, rather than adding further to terminal, but there remains little guidance beyond this meeting. GBP/USD at 1.1581.”“The MPC decides 8-1 to hike Bank Rate by 75 bps, but the tone remains a somewhat cautious one, with emphasis on uncertainty.
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