Economists at MUFG Bank note that the British Pound (GBP) is starting to run out of steam as UK economic data help the case for the Bank of England (BoE) pausing.
BoE signs of caution justified by incoming the data
The performance of the Pound is beginning to sag after a strong performance in the first half of the year and in our view, incoming data is certainly strengthening the case for the BoE to possibly pause its tightening cycle.
We have pencilled in one further 25 bps rate hike by the BoE in September but this was a very close call and one further hike was merely a reflection of the higher inflation in the UK than elsewhere and the limited evidence of worsening economic conditions.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發