FXStreet (Edinburgh) – The research team at BBH argued that the upbeat tone in the sterling remains propped up by market expectations of a rate hike by the BoE sooner than later.
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“For its part, sterling is in the middle of its three-week range of roughly $.15470-1.5670 range”.
“The prospects of as many as three hawkish dissents at tomorrow BOE meeting, and a quarterly inflation report that upgrades the prospect that the inflation target will be reached in the medium term underpins sterling”.
(Market News Provided by FXstreet)