BoE need to be patient | 17 April 2023

17 April 2023, GBP/USD

BoE need to be patient

GBPUSD trading plan:

Bank of England policymaker Silvana Tenreyro said past interest rate rises would take time to bear down on inflation, and that it was important not to over-adjust policy while the impact of these past rate rises was feeding through. "We need to be patient," she said at a panel discussion hosted by the International Monetary Fund in Washington. "We don't want to get burned. We don't want to get an ice-cold shower." Financial markets see a roughly two in three chance that the BoE will raise its main interest rate next month to 4.5% from 4.25%, which would be its 12th consecutive rate rise since December 2021.

Investment idea: range 1.2370 - 1.2470.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.