HSBC revising GBP forecasts 18 Sept
- cites more hawkish BOE and "cyclical forces"
- sees it back to 1.2600 by end-2018 and EURGBP 0.9500
- now see 2 x 0.25% rate hikes by end-2018 vs none prev
- first one Nov 2017, second May 2018
What do our readers think ? BOE to actually go through with current hawkish talk and hike by end-2017?
Might Carney temper the recent rhetoric or does he really like the rapid rise of the pound? Or is he now concerned he might not be able to back up the rate hike expectation?
Meanwhile GBPUSD back to 1.3560 after a decent drop to 1.3538. Good two-way business for day traders/jobbers.
GBPUSD 5m