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
Crypto Weekly Radar: All eyes on Donald Trump’s ultimatum, US macroeconomic dataCrypto markets begin the week with mixed sentiment, with Bitcoin (BTC) trading above $69,000 following last week’s rebound. Still, markets remain cautious as traders weigh risks stemming from Donald Trump’s renewed threats toward Iran ahead of the ultimatum set for Tuesday.
Crypto markets begin the week with mixed sentiment, with Bitcoin (BTC) trading above $69,000 following last week’s rebound. Still, markets remain cautious as traders weigh risks stemming from Donald Trump’s renewed threats toward Iran ahead of the ultimatum set for Tuesday.
WTI eases below $103.50 as US, Iran reportedly seeking 45-day ceasefireWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.30 during the early European trading hours on Monday. The WTI price retreats after reports that the United States (US) and Iran are making a push for a 45-day ceasefire.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.30 during the early European trading hours on Monday. The WTI price retreats after reports that the United States (US) and Iran are making a push for a 45-day ceasefire.
Spot Gold gapped marginally lower at the weekly opening, with the XAU/USD pair battling to retain the $4,600 mark early in the Asian session.
In the first quarter of 2026, gold prices experienced a classic "roller-coaster" ride. Against a macroeconomic backdrop of escalating geopolitical conflicts, gold prices briefly broke thr
On Thursday, April 2, Dated Brent crude prices reached $141.37 per barrel, the highest level since 2008, surpassing the peak set during the outbreak of the Russia-Ukraine conflict in 2022
Related Instrument
