GBP/USD to test January 1.2450 highs even if the BoE decides to hold – ING GBPUSD BOE UnitedKingdom Banks
“On the data front, data released today show clear signs that wage growth might have finally peaked. The 3M/3M annualised rate of growth has slowed noticeably over recent months. This will be welcome news for the BoE and does question whether the Bank will indeed hike by 25 bps next week amid the SVB fallout.”
“Even if the BoE decides to hold, this should not prevent Cable from testing the January 1.2450 highs if theInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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