For now, with inflation hovering above target, the BoE is likely to hold to its relatively hawkish narrative and remain on a slower rate cut pace.
However, if inflation moves lower, as Bailey noted, a faster pace of cuts would likely put considerable downward pressure on GBP/USD, stirring a further reduction in net spec longs (1096742NNET).
However, if inflation moves lower, as Bailey noted, a faster pace of cuts would likely put considerable downward pressure on GBP/USD, stirring a further reduction in net spec longs (1096742NNET).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.