Last BoE meeting hasn't become a game changer for GBP – Danske Bank
Source Fxstreet
EUR/GBP ended the day lower on the back of a hawkish vote split at yesterday's BoE meeting, where the BoE kept the Bank Rate unchanged at 4.50% in line with expectations, Danske Bank's FX analyst Jens Nærvig Pedersen reports.
EUR/GBP set to move lower in the near term
"The central bank maintained its previous guidance signalling a 'gradual and careful' approach to easing monetary policy. Although the vote split was slightly to the hawkish side, we do not see this as a broad shift in sentiment within the MPC. We expect the next 25bp cut in May with the Bank Rate ending the year at 3.75%."
"For GBP FX we do not see yesterday's meeting as a game changer and forecast EUR/GBP to move lower."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The silver market is witnessing an unprecedented "price surge." As futures prices recorded their largest single-day gain in nearly 40 years, retail investors flocked in, with a frenzy eve
Bitcoin struggles with precarious positioning amidst macroeconomic volatility, closing the week below key support and setting the stage for potential further declines.
Santiment says XRP and Ethereum sit in a 30-day MVRV “undervalued” zone, with XRP at -5.7% and ETH at -7.6%, while Bitcoin is listed at 3.7% and XRP has rebounded above $1.9 after dipping to $1.8 on Sunday.
Gold Price Forecast: XAU/USD gains momentum to near $5,050 amid geopolitical risks, Fed uncertaintyGold price (XAU/USD) extends its upside to around $5,050 during the early Asian session on Tuesday. The precious metal gains momentum amid growing concerns about financial and geopolitical uncertainty. The US ADP Employment Change and Consumer Confidence reports will be published later on Tuesday.
Gold price (XAU/USD) extends its upside to around $5,050 during the early Asian session on Tuesday. The precious metal gains momentum amid growing concerns about financial and geopolitical uncertainty. The US ADP Employment Change and Consumer Confidence reports will be published later on Tuesday.
Last week, U.S. stocks experienced volatility triggered by Donald Trump's remarks on imposing tariffs on Europe. The Dow fell 0.53% for the week, the S&P 500 slipped 0.35%, and the Nasdaq
Related Instrument
