GBPUSD long“Tomorrow’s December payrolls figures and Wednesday’s December CPI print (economists expect a 5.2% YoY increase) should firm up expectations for a 25bps hike by the BoE roughly two weeks from now (~90% priced in).
“A perfect combination of strong data and hawkishsounding BoE speakers would likely lead the GBP to a test of 1.38, at least, to then set the 1.40 mark in its sights.”
“Johnson’s declining popularity may act as a drag on the pound as according to The Sunday Times almost three dozen Tories (toward 54 required) are in favour of a no confidence vote on PM Johnson.”
