Bank of America Global Research (BoA) economists offer their expectations for the Bank of England’s March policy decision (BoE).
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“We wait a 25 basis point Bank of England rate hike this week, with a moderate orientation. But it is a very tight decision. We wouldn’t be surprised if the Bank of England kept rates going. In any case, we don’t expect any more uploads after this week“.
“Our recent analysis has shown that the GBP has been agnostic to UK rate movements in recent years. We don’t think this is going to change anytime soon.”
“For now, clearing out, the market’s standard response to a crisis, will continue to dominate sentiment. EUR/GBP has been a favored buy position this year and our momentum indicators have been showing overbought levels..”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
