Bank of England and the GBP
In another preview note coming through from ING economics, there are two main themes:
- Dovish BoE hike unlikely to spur much GBP upside
- Brexit risks overshadowing BoE policy for UK rates market
But with today's biggest trading risk being a no-hike and the market repricing of GBP to the downside that would occur, their scenarios are worth a read.
Alongside their scenarios, this chart will also help with your own planning in working out the votes and what constitutes a dovish hike:
Click here to read the full ING preview note.
Bring on the rug pull...
