20 Jul 2015
BoE still expected to hike sooner than later – Societe Generale
FXStreet (Edinburgh) - Kit Juckes, Strategist at Societe Generale, sees the ‘Old Lady’ getting ready to raise its rates.
Key Quotes
“The BOE MPC Minutes on Wednesday are probably the highlight of the UK calendar, after the clear turn in the rhetoric from MOPC members in recent days”.
“The Bank of England is preparing the ground for a rate hike, though not imminently”.
“EUR/GBP RSIs, like those in other pairs, are beginning to look a bit stretched after the acceleration down after the break of 0.70, but we’d still look for one final slide lower before the correction”.
Key Quotes
“The BOE MPC Minutes on Wednesday are probably the highlight of the UK calendar, after the clear turn in the rhetoric from MOPC members in recent days”.
“The Bank of England is preparing the ground for a rate hike, though not imminently”.
“EUR/GBP RSIs, like those in other pairs, are beginning to look a bit stretched after the acceleration down after the break of 0.70, but we’d still look for one final slide lower before the correction”.