We expect BoE to hike the Bank Rate by another 50bp on Thursday 22 September, but acknowledge that it is a close call between 50bp and 75bp. We expect further 50bp hikes in both November and December followed by 25bp in February. Hence, we lift the end point of our projection to 3.25% (prev. 2.50%) […]
The post BoE Preview: Another 50bp Rate Hike in Store appeared first on Action Forex.
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Key Highlights Gold started a fresh decline from $5,240 and traded below $5,120. A major bearish trend line is forming with resistance at $5,075 on the 4-hour chart. WTI Crude Oil surged toward $102 before Read more…