GBPUSD short
The BoE meeting is the one to really watch this upcoming week on August 2nd. The rate hike expectations have fallen to 77.5% from 84.7%,
There may be some MPC members raising concerns on the recent negative CPI print and the risk of Brexit after the EU rejected May's Chequers Brexit plan. However, there are those that believe that these concerns are not enough to derail the BoE from hiking rates given how they risk credibility by holding on rates.
The market will focus on whether this is a one and done hike or if there will be more rikes for the hiking cycle.
There may be some MPC members raising concerns on the recent negative CPI print and the risk of Brexit after the EU rejected May's Chequers Brexit plan. However, there are those that believe that these concerns are not enough to derail the BoE from hiking rates given how they risk credibility by holding on rates.
The market will focus on whether this is a one and done hike or if there will be more rikes for the hiking cycle.
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