Nomura prefer GBP long (especially against EUR) after the BoE rate hike

Nomura saying the Bank of England rate move was a hawkish hike

• expect another in February
• Says BoE not showing too much concern over recent disappointment on inflation, global tensions
• The bank likes GBP, especially against EUR, prefer EUR/GBP shorts rather than GBP/USD longs

----

With GBP net down after the hike Nomura will be looking at with a better entry opportunity.