GBP: Brexit progress and solid data may unlock some hawkish BoE sentiment - ING
|While Season 1 of the show 'Solving Brexit' ended last week with the UK and EU striking a divorce deal at the 12th hour, there are still plenty of exciting spin-off shows for GBP markets to tune into this week, according to Viraj Patel, Foreign Exchange Strategist at ING.
Key Quotes
“In terms of ratifying the Brexit divorce deal, the EU Leaders Summit (Thu) should pretty much be a formality – or a post-season wrap-up party as one might say. Instead, the Bank of England meeting (Thu) is probably now the standout event this week; while we suspect the statement will be largely unchanged, it’ll be interesting to see whether the MPC explicitly acknowledge the recent Brexit progress. If so, one could see this as a hawkish development – with risks GBP/USD moves up to 1.3500/50.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.