HSBC out this morning with latest thoughts on UK 16 May 2016
- forecast pushed back from Nov 2016
- see rates on hold for longer due to the recent slowdown regardless of EU referendum outcome
- see 2016 GDP growth of +1.8% vs +1.9% prev
HSBC joining the many banks pushing their rate hike forecasts ever further out.
Meanwhile GBPUSD 1.4357 as EURGBP runs into a few sellers.