GBP – Sterling rallied on Thursday, as the Bank of England said two of its policymakers had voted for an early end to pandemic-era government bond-buying and markets brought forward their expectations of an interest rate rise to March.
Following the BoE’s meeting, Mizuho stated that “the 7-2 vote is the beginning of a shift towards higher rates & boosts the chances that QE ends earlier than expected. The text comments are looking more hawkish in mind. We should continue to see further strength across the board & an increase in the chance of rate hike.”
Following the BoE’s meeting, Mizuho stated that “the 7-2 vote is the beginning of a shift towards higher rates & boosts the chances that QE ends earlier than expected. The text comments are looking more hawkish in mind. We should continue to see further strength across the board & an increase in the chance of rate hike.”