BoE: Further tightening appears likely in June – UOB

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Economist at UOB Group Lee Sue Ann comments on the upcoming monetary policy meeting by the BoE.

“Headline CPI inflation eased to 8.7% y/y in Apr, from 10.1% y/y in Mar. The reading was above estimates of 8.2% y/y. Core CPI inflation, however, surprised on the upside, climbing 6.8% y/y from 6.2% y/y in Mar.”

“While the unemployment rate unexpectedly rose to 3.9% in the three months to Mar, as more people sought to get back into the jobs market; pay growth, which is at the heart of the Bank of England (BOE)’s debate about whether to raise rates further, remained strong by historical standards.”

“Taking into account the BOE’s guidance and the latest slew of economic data releases, we now look for a 25bps rate hike at the next BOE monetary policy meeting on 22 Jun.”

[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group