Economists at Scotiabank anticipate Financial institution of England’s (BoE) Andrew Bailey to not reinforce fee expectations at his subsequent Thursday speech. Subsequently, the GBP/USD pair may slide under the 1.30 degree.
Mar retail gross sales and S&P PMIs subsequent Friday to probably weigh on the GBP additional
“The UK information and occasions calendar doesn’t decide up till subsequent Thursday when BoE Gov Bailey’s speech on the PIIE could present hints on the BoE outlook. As issues stand, odds are he is not going to reinforce fee expectations and the GBP stays susceptible to falling again below 1.30.”
“Mar retail gross sales and S&P (previously Markit) PMIs subsequent Friday will spherical out the week and probably weigh on the GBP additional.”
