Weekly FX Insights 30 Oct-3 Nov: Analysis, Economic and Currency Forecasts
Weekly FX Insights 30 Oct-3 Nov 2023: Analysis, Economic and Currency Forecasts | Currency News UK
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Weekly FX Insights 30 Oct-3 Nov 2023: Analysis, Economic and Currency Forecasts | Currency News UK
The Bank of England is set to lift its key interest rate on Thursday after its major counterparts U.S. Federal Reserve and the European Central Bank lifted benchmark rates last week.
UK headline inflation came in higher than expected but the core inflation print accelerated once more. Will the data inspire a more hawkish approach from the BoE heading into tomorrow’s meeting?
Later today we could see an aggressive 75 bps hike from the FOMC followed by the reluctant hikers at the BoE on Thursday, as the respective rate hike paths diverge