BoE tightening seen over-priced – BBH
Brown Brothers Harriman’s Elias Haddad says UK September CPI and August labour data will be pivotal for BoE pricing, with markets already discounting a 25 bps hike to 4.00% in November and 100 bps over twelve months.
Original · FXStreet AI summary of public reporting
Why: BoE tightening over-priced → pressure on GBP
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At publication → CurrentGBP1.332 → 1.3320.0%