The post Sterling to ease over the coming months – Commerzbank appeared on BitcoinEthereumNews.com.

Economists at Commerzbank analyze GBP outlook ahead of the UK Consumer Price Index (CPI) and labour market data. Speculation about a further rate hike might gather momentum on unfavourable data  If the labour market and inflation data turn out to be unfavourable, speculation about a further rate hike might gather momentum again on the market. This would support Sterling temporarily. However, we remain sceptical regarding the BoE’s determination to fight high levels of inflation – as the September meeting once again demonstrated – and therefore expect Sterling to ease over the coming months.   Source: https://www.fxstreet.com/news/sterling-to-ease-over-the-coming-months-commerzbank-202310171340

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Filed under: News - @ October 17, 2023 8:20 pm