Pound Sterling is poised for strength in April, benefiting from seasonal trends – BofA
Economists at the Bank of America analyze the Pound Sterling (GBP) outlook ahead of the Bank of England's forthcoming policy decision.
BoE to maintain its interest rate stance
The BoE is expected to keep rates unchanged with a possible inclination towards caution, reflecting on services inflation and wage dynamics.
Limited direct market impact from the BoE's decision is expected due to minimal rate cut anticipations.
Supported by favorable carry trades and a benign risk environment, GBP is poised for strength in April, benefiting from seasonal trends.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.