46 days ago • Posted by Ajmir Omid

#GBP dips on speculation #BoE near end of hiking cycle #fx

The Bank of England raised rates by 50bps to 4%, its tenth consecutive hike and its highest since October 2008. However, The pound dropped and UK bonds extended gains on speculation the Bank of England is nearing the end of its hiking cycle, as the BOE dropped its guidance that it would respond “forcefully” if necessary, even as it highlighted risks to the inflation outlook.