Bailey says UK second-round inflation effects subdued so far, too early to judge
GBP/USD — All Desk Targets
20 desks
| Firm | Stance | YE 2026 |
|---|---|---|
Rabobank | Bearish | 1.3300 |
ING | Neutral | 1.3500 |
MUFG | Bullish | 1.4000 |
From the original
The comments are more balanced than Bailey’s late-September warnings, and could take a little heat out of heavily priced November hike bets in short-dated gilts and sterling, without ruling a move out. His point that Middle East news is the biggest driver of gilt yields puts oil
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