BoE expected to raise rates by 25 bps on 'Super Thursday.' Britain's cost-of-living crisis to likely result in fearful message in BOE's quarterly report, $GBPUSD has room to resume falls, already driven by external factors by forexcrunch forex trading
. First, Russia's war in Ukraine is pushing energy costs higher for all of us. The recent figures are for March, before a government-managed leap in prices coming in April.
, a total of 150 bps. I cannot see any such commitment if the bank's own inflation forecasts are inconsistent with rising inflation, or are uncertain about employment.Even without digging into the report, the Monetary Policy Committee's voting pattern could immediately point to doubts about the need for higher borrowing costs. Back in March, BOE member Jon Cunliffe voted to leave rates unchanged.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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