BOE Pill: Sees the need to raise the bank rate to 4.00%. GBPUSD moves higher on the news.
GBP/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Rabobank | Bearish | 1.3300 |
ING | Neutral | 1.3500 |
MUFG | Bullish | 1.4000 |
From the original
Bank of England Chief Economist Huw Pill is speaking and says: My own response has pointed to a need to raise Bank Rate to 4%. Raising Bank Rate on this basis need not be the start of a prolonged and aggressive series of increases. A prompt increase in Bank Rate may serve to head
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